Context Capital Management LLC Takes Position in HCM Acquisition Corp $HCMA

Context Capital Management LLC bought a new position in HCM Acquisition Corp (NASDAQ:HCMA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 500,000 shares of the company’s stock, valued at approximately $5,052,000. Context Capital Management LLC owned approximately 3.54% of HCM Acquisition as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new stake in HCM Acquisition in the 3rd quarter worth $251,000. HighTower Advisors LLC bought a new stake in shares of HCM Acquisition in the third quarter worth about $1,339,000. Wolverine Asset Management LLC purchased a new stake in shares of HCM Acquisition in the third quarter worth about $4,131,000. Picton Mahoney Asset Management bought a new position in HCM Acquisition during the third quarter valued at approximately $5,053,000. Finally, Highbridge Capital Management LLC purchased a new position in HCM Acquisition during the 3rd quarter valued at approximately $10,100,000. 11.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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, Based on data from MarketBeat, HCM Acquisition has a consensus rating of “Sell”.

HCM Acquisition Stock Down 0.2%

Shares of NASDAQ:HCMA opened at $10.13 on Wednesday. HCM Acquisition Corp has a 12 month low of $10.03 and a 12 month high of $10.49. The company has a 50-day moving average price of $10.13 and a 200 day moving average price of $9.24.

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.