275,000 Shares in Healthcare Capital Acquisition Corp. $HCAC Purchased by Governors Lane LP

Governors Lane LP acquired a new stake in Healthcare Capital Acquisition Corp. (NASDAQ:HCAC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 275,000 shares of the company’s stock, valued at approximately $2,761,000. Governors Lane LP owned approximately 0.74% of Healthcare Capital Acquisition at the end of the most recent reporting period.

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on shares of Healthcare Capital Acquisition in a research note on Monday, August 24th. They issued a “sell (e+)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Healthcare Capital Acquisition Stock Up 0.0%

NASDAQ HCAC opened at $10.11 on Wednesday. The stock has a market capitalization of $376.99 million, a PE ratio of 202.10 and a beta of 0.41. Healthcare Capital Acquisition Corp. has a 12-month low of $9.91 and a 12-month high of $10.11. The company has a 50 day moving average price of $10.07 and a two-hundred day moving average price of $10.02.

Healthcare Capital Acquisition (NASDAQ: HCAC) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, formed to raise capital through a public listing and pursue one or more business combinations. As a SPAC, Healthcare Capital Acquisition does not operate commercial businesses of its own; instead it holds funds in trust while identifying and negotiating a merger, acquisition or other business combination with an operating company, with a stated focus on opportunities in the healthcare sector.

The firm’s primary activities include sourcing and evaluating potential targets in healthcare and life sciences, structuring transactions, and completing a business combination that would result in the target becoming a publicly listed company.