Wolverine Asset Management LLC Invests $4.13 Million in HCM Acquisition Corp $HCMA

Wolverine Asset Management LLC bought a new stake in shares of HCM Acquisition Corp (NASDAQ:HCMA) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 408,826 shares of the company’s stock, valued at approximately $4,131,000. Wolverine Asset Management LLC owned approximately 2.89% of HCM Acquisition at the end of the most recent quarter.

Analysts Set New Price Targets

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

HCM Acquisition Price Performance

NASDAQ:HCMA opened at $10.09 on Friday. The firm has a 50-day moving average of $10.11 and a two-hundred day moving average of $8.79. HCM Acquisition Corp has a 1-year low of $10.03 and a 1-year high of $10.49.

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.