Governors Lane LP Acquires 200,000 Shares of HCM Acquisition Corp $HCMA

Governors Lane LP raised its holdings in HCM Acquisition Corp (NASDAQ:HCMA) by 25.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,000,000 shares of the company’s stock after acquiring an additional 200,000 shares during the period. Governors Lane LP owned about 0.07% of HCM Acquisition worth $10,040,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HCMA. HighTower Advisors LLC acquired a new stake in shares of HCM Acquisition during the third quarter valued at about $1,339,000. JPMorgan Chase & Co. acquired a new stake in shares of HCM Acquisition during the third quarter valued at about $251,000. Highbridge Capital Management LLC acquired a new stake in shares of HCM Acquisition during the third quarter valued at about $10,100,000. Picton Mahoney Asset Management acquired a new stake in shares of HCM Acquisition during the third quarter valued at about $5,053,000. Finally, Context Capital Management LLC acquired a new stake in shares of HCM Acquisition during the third quarter valued at about $5,052,000. Institutional investors own 11.79% of the company’s stock.

HCM Acquisition Stock Performance

NASDAQ HCMA opened at $10.28 on Thursday. HCM Acquisition Corp has a twelve month low of $10.03 and a twelve month high of $10.49. The stock has a fifty day simple moving average of $10.18 and a 200 day simple moving average of $10.14.

HCM Acquisition (NASDAQ:HCMA) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share (EPS) for the quarter.

Analyst Ratings Changes

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

About HCM Acquisition

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.