Berkley W R Corp Makes New Investment in HCM Acquisition Corp $HCMA

Berkley W R Corp purchased a new stake in HCM Acquisition Corp (NASDAQ:HCMA) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 265,299 shares of the company’s stock, valued at approximately $2,681,000. Berkley W R Corp owned 1.88% of HCM Acquisition as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Boothbay Fund Management LLC acquired a new stake in shares of HCM Acquisition during the third quarter worth $3,019,000. Shaolin Capital Management LLC bought a new stake in HCM Acquisition in the 3rd quarter valued at $2,526,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in HCM Acquisition in the 3rd quarter worth $10,105,000. Fort Baker Capital Management LP acquired a new position in HCM Acquisition in the 3rd quarter worth $101,000. Finally, Davidson Kempner Capital Management LP bought a new position in HCM Acquisition during the 3rd quarter worth about $253,000. Institutional investors own 11.79% of the company’s stock.

Analyst Ratings Changes

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

HCM Acquisition Stock Up 0.1%

Shares of HCMA opened at $10.12 on Friday. HCM Acquisition Corp has a twelve month low of $10.03 and a twelve month high of $10.49. The company has a 50 day moving average of $10.14 and a 200-day moving average of $9.45.

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.