K2 Principal Fund L.P. Takes Position in Evergreen Co. (NASDAQ:EVGR)

K2 Principal Fund L.P. bought a new position in shares of Evergreen Co. (NASDAQ:EVGR) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 145,879 shares of the company’s stock, valued at approximately $1,675,000. K2 Principal Fund L.P. owned approximately 1.34% of Evergreen as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in EVGR. Berkley W R Corp raised its stake in shares of Evergreen by 12.5% in the fourth quarter. Berkley W R Corp now owns 309,470 shares of the company’s stock valued at $3,466,000 after acquiring an additional 34,396 shares during the last quarter. Flow State Investments L.P. acquired a new position in Evergreen in the fourth quarter worth $1,955,000. Picton Mahoney Asset Management bought a new stake in shares of Evergreen during the first quarter worth $2,835,000. Mizuho Securities USA LLC increased its stake 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 valued at $5,724,000 after buying an additional 94,278 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Evergreen in the first quarter valued at about $222,000. 69.26% of the stock is owned by institutional investors.

Evergreen Stock Down 0.1 %

Shares of NASDAQ:EVGR opened at $11.64 on Tuesday. The firm has a market cap of $126.91 million and a P/E ratio of 38.80. Evergreen Co. has a 12 month low of $10.93 and a 12 month high of $11.69. The company’s 50-day moving average price is $11.59 and its two-hundred day moving average price is $11.47.

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

About Evergreen

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.