StoneX Group Inc. Makes New Investment in HCM Acquisition Corp $HCMA

StoneX Group Inc. purchased a new stake in shares of HCM Acquisition Corp (NASDAQ:HCMA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 50,435 shares of the company’s stock, valued at approximately $519,000.

Several other institutional investors have also added to or reduced their stakes in the company. DLD Asset Management LP grew its holdings in HCM Acquisition by 19.0% in the 1st quarter. DLD Asset Management LP now owns 250,000 shares of the company’s stock worth $2,520,000 after acquiring an additional 40,000 shares during the last quarter. Readystate Asset Management LP purchased a new position in shares of HCM Acquisition in the first quarter valued at about $541,000. Berkley W R Corp raised its stake in shares of HCM Acquisition by 34.4% during the first quarter. Berkley W R Corp now owns 388,407 shares of the company’s stock valued at $3,915,000 after acquiring an additional 99,480 shares during the last quarter. Galaxy Digital Inc. purchased a new stake in shares of HCM Acquisition during the first quarter worth about $1,008,000. Finally, Rivernorth Capital Management LLC purchased a new stake in shares of HCM Acquisition during the first quarter worth about $2,016,000. Hedge funds and other institutional investors own 11.79% of the company’s stock.

HCM Acquisition Price Performance

HCMA opened at $10.35 on Thursday. HCM Acquisition Corp has a 52-week low of $10.03 and a 52-week high of $10.35. The stock’s 50 day moving average price is $10.31 and its 200-day moving average price is $10.23.

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

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of HCM Acquisition in a research note on Thursday, August 27th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

About HCM Acquisition

HCM Acquisition Corp. (NASDAQ: HCMA) was a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. Its potential transactions could have included a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar corporate combination. As a SPAC, HCM Acquisition did not operate a commercial business or offer its own products and services before completing a transaction. Instead, its activities centered on raising capital through a public offering, evaluating acquisition opportunities and seeking shareholder approval for a proposed combination.