Verition Fund Management LLC purchased a new stake in shares of HCM Acquisition Corp (NASDAQ:HCMA – Get Rating) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 350,000 shares of the company's stock, valued at approximately $3,514,000. Verition Fund Management LLC owned approximately 1.04% of HCM Acquisition as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp purchased a new position in HCM Acquisition during the second quarter valued at approximately $185,000. Bank of Montreal Can purchased a new position in HCM Acquisition during the second quarter valued at approximately $344,000. Goldman Sachs Group Inc. purchased a new position in HCM Acquisition during the first quarter valued at approximately $457,000. Sculptor Capital LP grew its holdings in HCM Acquisition by 100.0% in the second quarter. Sculptor Capital LP now owns 99,998 shares of the company's stock worth $1,004,000 after purchasing an additional 49,998 shares during the last quarter. Finally, PEAK6 Investments LLC purchased a new position in HCM Acquisition in the second quarter worth $502,000. Institutional investors own 64.88% of the company's stock.

HCM Acquisition Price Performance

NASDAQ HCMA opened at $10.25 on Friday. The firm's fifty day simple moving average is $10.18 and its two-hundred day simple moving average is $10.08. HCM Acquisition Corp has a 12-month low of $9.87 and a 12-month high of $10.55.

HCM Acquisition Company Profile

HCM Acquisition Corp does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Stamford, Connecticut.

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