Readystate Asset Management LP Takes Position in HCM Acquisition Corp $HCMA

Readystate Asset Management LP bought a new stake in shares of HCM Acquisition Corp (NASDAQ:HCMA) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 53,603 shares of the company’s stock, valued at approximately $541,000. Readystate Asset Management LP owned about 0.38% of HCM Acquisition as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in HCMA. PenderFund Capital Management Ltd. bought a new stake in HCM Acquisition in the fourth quarter worth $72,000. Fort Baker Capital Management LP bought a new position in shares of HCM Acquisition during the third quarter valued at about $101,000. ABC Arbitrage SA purchased a new position in shares of HCM Acquisition in the fourth quarter worth about $201,000. Millennium Management LLC purchased a new position in shares of HCM Acquisition in the third quarter worth about $202,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of HCM Acquisition in the 3rd quarter valued at about $251,000. Hedge funds and other institutional investors own 11.79% of the company’s stock.

Wall Street Analyst Weigh In

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

HCM Acquisition Stock Down 0.0%

HCM Acquisition stock opened at $10.30 on Thursday. HCM Acquisition Corp has a fifty-two week low of $10.03 and a fifty-two week high of $10.49. The stock’s 50 day simple moving average is $10.28 and its two-hundred day simple moving average is $10.18.

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