Boothbay Fund Management LLC Purchases New Position in HCM Acquisition Corp $HCMA

Boothbay Fund Management LLC acquired a new position in shares of HCM Acquisition Corp (NASDAQ:HCMA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 298,798 shares of the company’s stock, valued at approximately $3,019,000. Boothbay Fund Management LLC owned approximately 2.11% of HCM Acquisition at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Highbridge Capital Management LLC acquired a new position in shares of HCM Acquisition during the third quarter worth $10,100,000. Wolverine Asset Management LLC bought a new position in shares of HCM Acquisition in the 3rd quarter valued at $4,131,000. Context Capital Management LLC acquired a new stake in shares of HCM Acquisition during the 3rd quarter valued at $5,052,000. HighTower Advisors LLC acquired a new stake in shares of HCM Acquisition during the 3rd quarter valued at $1,339,000. Finally, Harraden Circle Investments LLC bought a new stake in HCM Acquisition during the 3rd quarter worth $9,054,000. Institutional investors own 11.79% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of HCM Acquisition in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, HCM Acquisition presently has an average rating of “Sell”.

HCM Acquisition Price Performance

Shares of HCM Acquisition stock opened at $10.11 on Tuesday. HCM Acquisition Corp has a twelve month low of $10.03 and a twelve month high of $10.49. The company’s fifty day moving average is $10.14 and its 200 day moving average is $9.50.

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.