Berkley W R Corp Reduces Position in Evergreen Co. (NASDAQ:EVGR)

Berkley W R Corp trimmed its position in Evergreen Co. (NASDAQ:EVGR) by 65.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 248,673 shares of the company’s stock after selling 470,077 shares during the quarter. Berkley W R Corp owned about 2.28% of Evergreen worth $2,857,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EVGR. Picton Mahoney Asset Management bought a new stake in shares of Evergreen during the first quarter valued at approximately $2,835,000. Flow State Investments L.P. bought a new stake in shares of Evergreen in the 4th quarter valued at approximately $1,955,000. Virtu Financial LLC bought a new position in Evergreen during the first quarter valued at $222,000. Cowen AND Company LLC purchased a new stake in Evergreen in the 2nd quarter worth about $2,706,000. Finally, Mizuho Securities USA LLC raised its holdings in shares of Evergreen by 22.8% in the first quarter. Mizuho Securities USA LLC now owns 507,913 shares of the company’s stock worth $5,724,000 after buying an additional 94,278 shares during the period. 69.26% of the stock is owned by hedge funds and other institutional investors.

Evergreen Price Performance

EVGR stock opened at $11.64 on Tuesday. The firm’s 50-day moving average is $11.59 and its 200 day moving average is $11.47. Evergreen Co. has a 12 month low of $10.93 and a 12 month high of $11.69. The company has a market capitalization of $126.91 million and a PE ratio of 38.80.

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

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.