HCM Acquisition Corp $HCMA Shares Sold by Context Capital Management LLC

Context Capital Management LLC trimmed its position in HCM Acquisition Corp (NASDAQ:HCMA) by 25.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 500,000 shares of the company’s stock after selling 166,666 shares during the period. Context Capital Management LLC’s holdings in HCM Acquisition were worth $5,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Berkley W R Corp raised its stake in HCM Acquisition by 34.4% in the 1st quarter. Berkley W R Corp now owns 388,407 shares of the company’s stock worth $3,915,000 after acquiring an additional 99,480 shares during the last quarter. DLD Asset Management LP lifted its position in HCM Acquisition by 19.0% during the 1st quarter. DLD Asset Management LP now owns 250,000 shares of the company’s stock worth $2,520,000 after acquiring an additional 40,000 shares during the period. Rivernorth Capital Management LLC acquired a new stake in HCM Acquisition during the 1st quarter worth about $2,016,000. Galaxy Digital Inc. acquired a new stake in HCM Acquisition during the 1st quarter worth about $1,008,000. Finally, Readystate Asset Management LP purchased a new stake in HCM Acquisition during the 1st quarter valued at about $541,000. 11.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of HCM Acquisition in a report on Thursday, August 27th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, HCM Acquisition has a consensus rating of “Sell”.

HCM Acquisition Price Performance

Shares of HCMA stock opened at $10.34 on Wednesday. The business has a 50-day simple moving average of $10.31 and a 200-day simple moving average of $10.23. HCM Acquisition Corp has a 52-week low of $10.03 and a 52-week high of $10.35.

HCM Acquisition (NASDAQ:HCMA) last issued its earnings results on Friday, August 14th. The company reported $0.05 EPS for the quarter.

About HCM Acquisition

HCM Acquisition Corp. (NASDAQ: HCMA) was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. Its potential transactions could have included a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar corporate combination. As a SPAC, HCM Acquisition did not operate a commercial business or offer its own products and services before completing a transaction. Instead, its activities centered on raising capital through a public offering, evaluating acquisition opportunities and seeking shareholder approval for a proposed combination.