Spartan Fund Management Inc. purchased a new position in shares of Evergreen Co. (NASDAQ:EVGR – Free Report) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 51,595 shares of the company’s stock, valued at approximately $603,000. Evergreen comprises approximately 1.8% of Spartan Fund Management Inc.’s investment portfolio, making the stock its 20th biggest position.
Other institutional investors and hedge funds have also made changes to their positions in the company. Picton Mahoney Asset Management purchased a new stake in Evergreen in the 1st quarter worth approximately $2,835,000. K2 Principal Fund L.P. purchased a new position in shares of Evergreen in the 2nd quarter valued at $1,675,000. Virtu Financial LLC purchased a new stake in shares of Evergreen in the first quarter worth about $222,000. Berkley W R Corp grew its position in Evergreen by 132.3% in the first quarter. Berkley W R Corp now owns 718,750 shares of the company’s stock valued at $8,136,000 after acquiring an additional 409,280 shares in the last quarter. Finally, Cowen AND Company LLC purchased a new stake in Evergreen during the 2nd quarter worth $2,706,000. 69.26% of the stock is owned by hedge funds and other institutional investors.
Evergreen Price Performance
Shares of EVGR stock remained flat at $11.78 during trading hours on Tuesday. 22 shares of the stock traded hands, compared to its average volume of 43,449. The firm has a 50 day moving average price of $11.65 and a 200-day moving average price of $11.53. Evergreen Co. has a twelve month low of $11.02 and a twelve month high of $11.78. The company has a market cap of $128.44 million and a PE ratio of 39.27.
Evergreen 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.
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