134,833 Shares in HCM Acquisition Corp $HCMA Acquired by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in HCM Acquisition Corp (NASDAQ:HCMA) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 134,833 shares of the company’s stock, valued at approximately $1,356,000. Virtu Financial LLC owned approximately 0.95% of HCM Acquisition at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Highbridge Capital Management LLC purchased a new position in shares of HCM Acquisition in the third quarter worth $10,100,000. Berkley W R Corp purchased a new stake in shares of HCM Acquisition during the third quarter valued at $2,681,000. Clear Street Group Inc. purchased a new stake in shares of HCM Acquisition during the third quarter valued at $2,736,000. Context Capital Management LLC purchased a new stake in shares of HCM Acquisition during the third quarter valued at $5,052,000. Finally, Linden Advisors LP bought a new stake in HCM Acquisition in the 3rd quarter worth about $10,100,000. 11.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of HCM Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, HCM Acquisition currently has a consensus rating of “Sell”.

HCM Acquisition Price Performance

NASDAQ:HCMA opened at $10.28 on Friday. The company has a 50 day simple moving average of $10.19 and a two-hundred day simple moving average of $10.14. HCM Acquisition Corp has a 12 month low of $10.03 and a 12 month high of $10.49.

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

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.