Linden Advisors LP Acquires New Shares in HCM Acquisition Corp $HCMA

Linden Advisors LP acquired a new position in shares of HCM Acquisition Corp (NASDAQ:HCMA) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,000,000 shares of the company’s stock, valued at approximately $10,100,000. Linden Advisors LP owned about 7.07% of HCM Acquisition at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Highbridge Capital Management LLC acquired a new position in shares of HCM Acquisition during the third quarter valued at $10,100,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in shares of HCM Acquisition during the third quarter worth about $10,105,000. Harraden Circle Investments LLC acquired a new stake in shares of HCM Acquisition in the 3rd quarter worth about $9,054,000. Two Sigma Investments LP acquired a new stake in shares of HCM Acquisition in the 3rd quarter worth about $8,059,000. Finally, Radcliffe Capital Management L.P. bought a new stake in HCM Acquisition in the 3rd quarter valued at about $5,810,000. 11.79% of the stock is owned by institutional investors and hedge funds.

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 research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

HCM Acquisition Stock Performance

HCMA opened at $10.11 on Tuesday. The stock’s 50 day moving average price is $10.14 and its 200 day moving average price is $9.50. HCM Acquisition Corp has a 12 month low of $10.03 and a 12 month high of $10.49.

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.