Wolverine Asset Management LLC Sells 170,160 Shares of HCM II Acquisition Corp. $HOND

Key Points

• Wolverine Asset Management LLC reduced its holdings in HCM II Acquisition Corp by 67%, selling 170,160 shares and retaining 83,869 shares, which are valued at approximately $931,000.
• Several other large investors, including Calamos Advisors LLC and Magnetar Financial LLC, have recently acquired new stakes in HCM II Acquisition Corp during the first quarter.
• Analysts currently rate HCM II Acquisition shares with an average of "Sell," as reflected in a reissued "sell (d-)" rating by Weiss Ratings on October 8th.

Wolverine Asset Management LLC lowered its holdings in shares of HCM II Acquisition Corp. (NASDAQ:HOND - Free Report) by 67.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 83,869 shares of the company's stock after selling 170,160 shares during the period. Wolverine Asset Management LLC owned about 0.29% of HCM II Acquisition worth $931,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in HOND. Calamos Advisors LLC bought a new stake in HCM II Acquisition in the 1st quarter worth $5,288,000. Context Capital Management LLC bought a new stake in HCM II Acquisition in the 1st quarter worth $3,156,000. Mizuho Securities USA LLC bought a new stake in HCM II Acquisition in the 1st quarter worth $271,000. MMCAP International Inc. SPC bought a new stake in HCM II Acquisition in the 1st quarter worth $10,310,000. Finally, Magnetar Financial LLC bought a new stake in HCM II Acquisition in the 1st quarter worth $20,719,000.

HCM II Acquisition Price Performance

The stock has a 50 day moving average of $16.00 and a 200-day moving average of $12.87. HCM II Acquisition Corp. has a 12-month low of $9.97 and a 12-month high of $31.50.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of HCM II Acquisition in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of "Sell".

HCM II Acquisition Profile

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.

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