Radcliffe Capital Management L.P. Buys 125,000 Shares of HCM Acquisition Corp $HCMA

Radcliffe Capital Management L.P. increased its stake in shares of HCM Acquisition Corp (NASDAQ:HCMA) by 21.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 700,000 shares of the company’s stock after purchasing an additional 125,000 shares during the period. HCM Acquisition makes up 0.4% of Radcliffe Capital Management L.P.’s holdings, making the stock its 25th largest position. Radcliffe Capital Management L.P.’s holdings in HCM Acquisition were worth $7,028,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Fort Baker Capital Management LP acquired a new stake in HCM Acquisition in the 3rd quarter worth approximately $101,000. DLD Asset Management LP acquired a new position in HCM Acquisition during the third quarter valued at approximately $104,000. ABC Arbitrage SA bought a new position in shares of HCM Acquisition in the fourth quarter valued at approximately $201,000. Millennium Management LLC bought a new position in shares of HCM Acquisition in the third quarter valued at approximately $202,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of HCM Acquisition in the third quarter worth $251,000. 11.79% of the stock is owned by institutional investors.

HCM Acquisition Price Performance

HCMA opened at $10.28 on Wednesday. The business has a 50 day moving average of $10.18 and a 200-day moving average of $10.14. HCM Acquisition Corp has a 1-year low of $10.03 and a 1-year high of $10.49.

HCM Acquisition (NASDAQ:HCMA) last announced its earnings results on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of HCM Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

HCM Acquisition Company Profile

HCM Acquisition Corp. is a Delaware‐incorporated special purpose acquisition company (SPAC) that was formed to identify and complete a business combination with one or more target businesses. The company raised capital through its initial public offering and is listed on the Nasdaq under the ticker HCMA. As a blank check vehicle, HCM Acquisition holds its funds in trust until it consummates a qualifying merger, share exchange, asset acquisition or other business combination.

The SPAC is sponsored by affiliates of Healthcare Capital Management LLC, a Los Angeles‐based investment firm with experience in healthcare and life sciences investing.