Galaxy Digital Inc. Invests $1.01 Million in HCM Acquisition Corp $HCMA

Galaxy Digital Inc. acquired a new stake in shares of HCM Acquisition Corp (NASDAQ:HCMA) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $1,008,000. Galaxy Digital Inc. owned about 0.71% of HCM Acquisition at the end of the most recent quarter.

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

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 investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, HCM Acquisition currently has a consensus rating of “Sell”.

HCM Acquisition Trading Up 0.3%

NASDAQ:HCMA opened at $10.31 on Friday. HCM Acquisition Corp has a 12 month low of $10.03 and a 12 month high of $10.49. The firm has a fifty day simple moving average of $10.27 and a 200-day simple moving average of $10.18.

HCM Acquisition (NASDAQ:HCMA) last announced its quarterly earnings data 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.