Virtu Financial LLC Takes $1.36 Million Position in HCM Acquisition Corp $HCMA

Virtu Financial LLC acquired a new position in HCM Acquisition Corp (NASDAQ:HCMA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 134,833 shares of the company’s stock, valued at approximately $1,356,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in HCMA. PenderFund Capital Management Ltd. purchased a new position in shares of HCM Acquisition in the fourth quarter worth approximately $72,000. Fort Baker Capital Management LP purchased a new stake in HCM Acquisition during the third quarter valued at approximately $101,000. DLD Asset Management LP purchased a new stake in HCM Acquisition during the third quarter valued at approximately $104,000. Glazer Capital LLC raised its position in HCM Acquisition by 5.9% in the fourth quarter. Glazer Capital LLC now owns 317,835 shares of the company’s stock worth $3,191,000 after acquiring an additional 17,835 shares during the period. Finally, ABC Arbitrage SA bought a new position in HCM Acquisition in the fourth quarter worth approximately $201,000. Hedge funds and other institutional investors own 11.79% of the company’s stock.

Wall Street Analysts Forecast Growth

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

HCM Acquisition Stock Performance

Shares of HCMA opened at $10.28 on Friday. The business has a 50-day simple moving average of $10.19 and a two-hundred day simple moving average of $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 posted its quarterly earnings data on Thursday, May 14th. The company reported $0.05 earnings per share for the quarter.

HCM Acquisition 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.