Radcliffe Capital Management L.P. Takes Position in HCM Acquisition Corp $HCMA

Radcliffe Capital Management L.P. bought a new position in shares of HCM Acquisition Corp (NASDAQ:HCMA) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 575,000 shares of the company’s stock, valued at approximately $5,810,000. Radcliffe Capital Management L.P. owned approximately 4.07% of HCM Acquisition at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Highbridge Capital Management LLC purchased a new position in HCM Acquisition in the 3rd quarter worth approximately $10,100,000. Wolverine Asset Management LLC purchased a new stake in HCM Acquisition during the 3rd quarter valued at approximately $4,131,000. Context Capital Management LLC bought a new stake in shares of HCM Acquisition during the third quarter valued at approximately $5,052,000. HighTower Advisors LLC bought a new stake in shares of HCM Acquisition during the third quarter valued at approximately $1,339,000. Finally, Picton Mahoney Asset Management purchased a new position in shares of HCM Acquisition in the third quarter worth $5,053,000. Institutional investors own 11.79% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e)” rating on shares of HCM Acquisition in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

HCM Acquisition Stock Up 0.1%

Shares of HCMA stock opened at $10.12 on Friday. HCM Acquisition Corp has a 12-month low of $10.03 and a 12-month high of $10.49. The stock’s 50-day moving average price is $10.14 and its 200-day moving average price is $9.43.

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.