275,000 Shares in Healthcare Capital Acquisition Corp. $HCAC Purchased by Governors Lane LP

Governors Lane LP acquired a new position in shares of Healthcare Capital Acquisition Corp. (NASDAQ:HCAC) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 275,000 shares of the company’s stock, valued at approximately $2,761,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on shares of Healthcare Capital Acquisition in a research note on Monday, August 24th. They issued a “sell (e+)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Healthcare Capital Acquisition Price Performance

Shares of NASDAQ HCAC opened at $10.11 on Wednesday. The company’s 50 day simple moving average is $10.07 and its 200 day simple moving average is $10.02. Healthcare Capital Acquisition Corp. has a fifty-two week low of $9.91 and a fifty-two week high of $10.11. The firm has a market capitalization of $376.99 million, a P/E ratio of 202.10 and a beta of 0.41.

Healthcare Capital Acquisition (NASDAQ: HCAC) is a special purpose acquisition company (SPAC), commonly referred to as a blank?check company, formed to raise capital through a public listing and pursue one or more business combinations. As a SPAC, Healthcare Capital Acquisition does not operate commercial businesses of its own; instead it holds funds in trust while identifying and negotiating a merger, acquisition or other business combination with an operating company, with a stated focus on opportunities in the healthcare sector.

The firm’s primary activities include sourcing and evaluating potential targets in healthcare and life sciences, structuring transactions, and completing a business combination that would result in the target becoming a publicly listed company.