Wolverine Asset Management LLC Sells 53,652 Shares of HCM Acquisition Corp $HCMA

Wolverine Asset Management LLC lowered its position in HCM Acquisition Corp (NASDAQ:HCMA) by 13.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 355,174 shares of the company’s stock after selling 53,652 shares during the period. Wolverine Asset Management LLC owned approximately 2.51% of HCM Acquisition worth $3,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. HighTower Advisors LLC bought a new stake in shares of HCM Acquisition during the third quarter valued at approximately $1,339,000. JPMorgan Chase & Co. bought a new stake in shares of HCM Acquisition during the third quarter valued at approximately $251,000. Highbridge Capital Management LLC bought a new stake in shares of HCM Acquisition during the third quarter valued at approximately $10,100,000. Picton Mahoney Asset Management bought a new stake in shares of HCM Acquisition during the third quarter valued at approximately $5,053,000. Finally, Context Capital Management LLC bought a new stake in shares of HCM Acquisition during the third quarter valued at approximately $5,052,000. Institutional investors own 11.79% of the company’s stock.

HCM Acquisition Price Performance

Shares of HCMA opened at $10.15 on Tuesday. HCM Acquisition Corp has a 1-year low of $10.03 and a 1-year high of $10.49. The company’s fifty day moving average price is $10.12 and its 200-day moving average price is $10.14.

Analyst Ratings Changes

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