Wolverine Asset Management LLC Lowers Holdings in HCM Acquisition Corp $HCMA

Wolverine Asset Management LLC trimmed its holdings in HCM Acquisition Corp (NASDAQ:HCMA) by 13.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 355,174 shares of the company’s stock after selling 53,652 shares during the period. Wolverine Asset Management LLC’s holdings in HCM Acquisition were worth $3,566,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Fort Baker Capital Management LP purchased a new stake in shares of HCM Acquisition during the 3rd quarter worth about $101,000. DLD Asset Management LP purchased a new stake in shares of HCM Acquisition during the 3rd quarter worth about $104,000. Millennium Management LLC purchased a new stake in shares of HCM Acquisition during the 3rd quarter worth about $202,000. JPMorgan Chase & Co. purchased a new stake in shares of HCM Acquisition during the 3rd quarter worth about $251,000. Finally, Davidson Kempner Capital Management LP purchased a new stake in shares of HCM Acquisition during the 3rd quarter worth about $253,000. Institutional investors and hedge funds own 11.79% of the company’s stock.

HCM Acquisition Price Performance

Shares of HCMA stock opened at $10.15 on Tuesday. The stock has a 50 day simple moving average of $10.12 and a 200-day simple moving average of $10.14. HCM Acquisition Corp has a 1-year low of $10.03 and a 1-year high of $10.49.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e)” rating on shares of HCM Acquisition in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, HCM Acquisition presently has a consensus rating of “Sell”.

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.