Glazer Capital LLC recently announced the acquisition of new stake in HCM Acquisition Corp (NASDAQ:HCMA). The institutional investor has increased its shareholding in the Financial company by 0.05% to 2.13 million shares with purchase of 1112.0 shares. This fresh investment now brings its stake to 7.40% valued currently at $21.82 million. In addition, Highbridge Capital Management LLC raised its holdings by 0.49 million to 1.71 million shares. And Millennium Management LLC has lifted its position by 7.54% or 100000.0 shares – to 1.43 million shares.
With over 2.98 million HCM Acquisition Corp (HCMA) shares trading Tuesday and a closing price of $10.34 on the day, the dollar volume was approximately $30.78 million. Currently, there are 38.81M common shares owned by the public and among those 28.75M shares have been available to trade.
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The top 3 mutual fund holders in HCM Acquisition Corp are Picton Mahoney Fortified Arbitrag, Picton Mahoney Fortified Arbitrag, and CrossingBridge Pre-Merger SPAC ET. Picton Mahoney Fortified Arbitrag owns 0.19 million shares of the company’s stock, all valued at over $2.0 million. The company bought an additional 0.19 million shares recently to bring their total holdings to about 0.68% of the shares outstanding. CrossingBridge Pre-Merger SPAC ET now owns shares totaling to 0.15% of the shares outstanding.
Shares of HCM Acquisition Corp (NASDAQ: HCMA) opened at $10.33, up $0.07 from a prior closing price of $10.26. However, the script later moved the day high at 10.60, up 0.78%. The company’s stock has a 5-day price change of 0.78% and 3.40% over the past three months. It has a 12-month low price of $9.87 and touched a high of $10.81 over the same period. HCMA has an average intraday trading volume of 96.56K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.82%, 1.66%, and 2.64% respectively.
Institutional ownership of HCM Acquisition Corp (NASDAQ: HCMA) shares accounts for 58.50% of the company’s 38.81M shares outstanding. Mutual fund holders own 1.15%, while other institutional holders and individual stakeholders account for 77.90% and — respectively.
It has a market capitalization of $402.12M. The stock’s trailing 12-month PE ratio is 33.57, while the earnings-per-share (ttm) stands at $0.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.30% over the week and 1.16% over the month.
