K2 Principal Fund L.P. Makes New Investment in Evergreen Co. (NASDAQ:EVGR)

K2 Principal Fund L.P. bought a new stake in Evergreen Co. (NASDAQ:EVGR) during the 2nd quarter, Holdings Channel reports. The fund bought 145,879 shares of the company’s stock, valued at approximately $1,675,000.

Several other institutional investors also recently modified their holdings of the business. Cowen AND Company LLC acquired a new position in Evergreen in the second quarter valued at approximately $2,706,000. Virtu Financial LLC bought a new position in shares of Evergreen in the 1st quarter worth $222,000. Berkley W R Corp grew its stake in shares of Evergreen by 132.3% during the first quarter. Berkley W R Corp now owns 718,750 shares of the company’s stock worth $8,136,000 after purchasing an additional 409,280 shares during the period. Mizuho Securities USA LLC increased its holdings in Evergreen by 22.8% in the first quarter. Mizuho Securities USA LLC now owns 507,913 shares of the company’s stock valued at $5,724,000 after purchasing an additional 94,278 shares during the last quarter. Finally, Picton Mahoney Asset Management acquired a new position in Evergreen in the first quarter valued at about $2,835,000. Institutional investors and hedge funds own 69.26% of the company’s stock.

Evergreen Trading Down 0.1 %

Shares of EVGR opened at $11.64 on Tuesday. The stock has a market cap of $126.91 million and a P/E ratio of 38.80. The stock’s 50-day moving average price is $11.59 and its two-hundred day moving average price is $11.47. Evergreen Co. has a 1 year low of $10.93 and a 1 year high of $11.69.

Evergreen (NASDAQ:EVGR) last issued its quarterly earnings data on Friday, July 12th. The company reported $0.08 earnings per share (EPS) for the quarter.

Evergreen Company Profile

Evergreen Corporation is a blank check company. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Kuala Lumpur, Malaysia.