Radcliffe Capital Management L.P. Takes $5.81 Million Position in HCM Acquisition Corp $HCMA

Radcliffe Capital Management L.P. bought a new stake in HCM Acquisition Corp (NASDAQ:HCMA) in the third quarter, HoldingsChannel.com reports. The fund bought 575,000 shares of the company’s stock, valued at approximately $5,810,000.

Several other large investors also recently bought and sold shares of HCMA. DLD Asset Management LP purchased a new stake in HCM Acquisition during the third quarter valued at $104,000. JPMorgan Chase & Co. purchased a new position in shares of HCM Acquisition in the 3rd quarter worth $251,000. HighTower Advisors LLC purchased a new position in shares of HCM Acquisition in the 3rd quarter worth $1,339,000. Wolverine Asset Management LLC bought a new stake in shares of HCM Acquisition in the 3rd quarter worth about $4,131,000. Finally, Picton Mahoney Asset Management bought a new stake in shares of HCM Acquisition in the 3rd quarter worth about $5,053,000. Institutional investors own 11.79% of the company’s stock.

HCM Acquisition Price Performance

NASDAQ HCMA opened at $10.12 on Friday. The business’s 50 day moving average price is $10.14 and its 200-day moving average price is $9.43. HCM Acquisition Corp has a fifty-two week low of $10.03 and a fifty-two week high of $10.49.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of HCM Acquisition in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

HCM Acquisition 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.