Mint Tower Capital Management B.V. Invests $7.53 Million in HCM Acquisition Corp $HCMA

Mint Tower Capital Management B.V. bought a new position in HCM Acquisition Corp (NASDAQ:HCMA) during the 4th quarter, HoldingsChannel reports. The fund bought 750,000 shares of the company’s stock, valued at approximately $7,530,000. HCM Acquisition makes up approximately 0.9% of Mint Tower Capital Management B.V.’s portfolio, making the stock its 13th largest holding. Mint Tower Capital Management B.V. owned about 0.05% of HCM Acquisition as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HCMA. HighTower Advisors LLC bought a new position in shares of HCM Acquisition in the third quarter worth approximately $1,339,000. JPMorgan Chase & Co. bought a new position in shares of HCM Acquisition during the third quarter valued at $251,000. Highbridge Capital Management LLC bought a new position in shares of HCM Acquisition during the third quarter valued at $10,100,000. Picton Mahoney Asset Management bought a new position in shares of HCM Acquisition during the third quarter valued at $5,053,000. Finally, Context Capital Management LLC bought a new position in shares of HCM Acquisition during the third quarter valued at $5,052,000. Institutional investors own 11.79% of the company’s stock.

Analyst Ratings Changes

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

HCM Acquisition Stock Performance

Shares of HCMA stock opened at $10.25 on Friday. HCM Acquisition Corp has a 12-month low of $10.03 and a 12-month high of $10.49. The firm’s 50 day moving average is $10.17 and its 200 day moving average is $10.14.

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

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.