Governors Lane LP Has $10.04 Million Stock Holdings in HCM Acquisition Corp $HCMA

Governors Lane LP raised its position in HCM Acquisition Corp (NASDAQ:HCMA) by 25.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000,000 shares of the company’s stock after buying an additional 200,000 shares during the quarter. Governors Lane LP owned 7.07% of HCM Acquisition worth $10,040,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PenderFund Capital Management Ltd. acquired a new position in HCM Acquisition in the 4th quarter valued at $72,000. Fort Baker Capital Management LP acquired a new stake in shares of HCM Acquisition during the 3rd quarter worth $101,000. DLD Asset Management LP acquired a new stake in shares of HCM Acquisition during the 3rd quarter worth $104,000. ABC Arbitrage SA acquired a new stake in shares of HCM Acquisition during the 4th quarter worth $201,000. Finally, Millennium Management LLC acquired a new stake in shares of HCM Acquisition during the 3rd quarter worth $202,000. 11.79% of the stock is owned by institutional investors and hedge funds.

HCM Acquisition Price Performance

HCMA opened at $10.28 on Thursday. The business’s fifty day moving average is $10.18 and its 200-day moving average is $10.14. HCM Acquisition Corp has a 52-week low of $10.03 and a 52-week high of $10.49.

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

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 research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently 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.