HCM Acquisition Corp $HCMA Shares Purchased by Berkley W R Corp

Berkley W R Corp increased its position in HCM Acquisition Corp (NASDAQ:HCMA) by 34.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 388,407 shares of the company’s stock after acquiring an additional 99,480 shares during the period. Berkley W R Corp’s holdings in HCM Acquisition were worth $3,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HCMA. Meteora Capital LLC purchased a new stake in HCM Acquisition during the 3rd quarter valued at about $16,587,000. Verition Fund Management LLC purchased a new position in shares of HCM Acquisition in the third quarter worth about $11,617,000. MMCAP International Inc. SPC acquired a new stake in shares of HCM Acquisition during the fourth quarter worth about $10,040,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in shares of HCM Acquisition during the third quarter worth about $10,105,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in HCM Acquisition in the fourth quarter valued at approximately $10,060,000. Institutional investors and hedge funds own 11.79% of the company’s stock.

HCM Acquisition Stock Performance

Shares of HCMA opened at $10.31 on Monday. HCM Acquisition Corp has a 52 week low of $10.03 and a 52 week high of $10.49. The stock’s 50-day moving average price is $10.27 and its 200-day moving average price is $10.18.

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

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded 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, According to data from MarketBeat.com, the company has an average rating of “Sell”.

About HCM Acquisition

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.