North Capital Inc. Invests $67,000 in HCM II Acquisition Corp. $HOND

North Capital Inc. acquired a new position in shares of HCM II Acquisition Corp. (NASDAQ:HOND) in the second quarter, Holdings Channel reports. The firm acquired 6,000 shares of the company’s stock, valued at approximately $67,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC bought a new position in HCM II Acquisition in the second quarter worth about $209,000. Mizuho Securities USA LLC purchased a new position in shares of HCM II Acquisition in the 1st quarter worth approximately $271,000. FNY Investment Advisers LLC raised its stake in shares of HCM II Acquisition by 41,400.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 41,500 shares of the company’s stock worth $460,000 after acquiring an additional 41,400 shares in the last quarter. DLD Asset Management LP purchased a new stake in HCM II Acquisition during the first quarter valued at approximately $2,416,000. Finally, Context Capital Management LLC acquired a new stake in HCM II Acquisition in the first quarter valued at approximately $3,156,000.

HCM II Acquisition Price Performance

NASDAQ:HOND opened at $18.04 on Friday. The company’s 50 day moving average is $16.50 and its two-hundred day moving average is $13.06. HCM II Acquisition Corp. has a twelve month low of $9.97 and a twelve month high of $31.50.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of HCM II Acquisition in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About HCM II Acquisition

HCM II Acquisition Corp. operates as a blank check company. It was formed for the purpose of entering into a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on April 4, 2024 and is headquartered in Stamford, CT.