Mint Tower Capital Management B.V. Purchases New Shares in HCM Acquisition Corp $HCMA

Mint Tower Capital Management B.V. purchased a new stake in shares of HCM Acquisition Corp (NASDAQ:HCMA) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 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 investment portfolio, making the stock its 13th biggest position. Mint Tower Capital Management B.V. owned about 5.30% of HCM Acquisition as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Fort Baker Capital Management LP bought a new stake in shares of HCM Acquisition during the third quarter valued at approximately $101,000. DLD Asset Management LP bought a new stake in shares of HCM Acquisition during the third quarter valued at approximately $104,000. ABC Arbitrage SA bought a new stake in HCM Acquisition during the fourth quarter worth about $201,000. Millennium Management LLC bought a new stake in HCM Acquisition during the third quarter worth about $202,000. Finally, JPMorgan Chase & Co. bought a new stake in HCM Acquisition during the third quarter worth about $251,000. 11.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

HCM Acquisition Price Performance

HCM Acquisition stock opened at $10.25 on Friday. The business’s fifty day simple moving average is $10.17 and its two-hundred day simple moving average is $10.14. HCM Acquisition Corp has a 12 month low of $10.03 and a 12 month high of $10.49.

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

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.