Westchester Capital Management LLC Invests $2.92 Million in Evergreen Co. (NASDAQ:EVGR)

Westchester Capital Management LLC acquired a new stake in shares of Evergreen Co. (NASDAQ:EVGR) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 250,000 shares of the company’s stock, valued at approximately $2,920,000. Westchester Capital Management LLC owned 3.10% of Evergreen at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in shares of Evergreen during the 1st quarter valued at $222,000. Spartan Fund Management Inc. bought a new position in Evergreen during the third quarter valued at about $603,000. K2 Principal Fund L.P. acquired a new position in Evergreen during the second quarter worth about $1,675,000. Finally, Cowen AND Company LLC bought a new stake in Evergreen in the second quarter worth about $2,706,000. Institutional investors own 69.26% of the company’s stock.

Evergreen Price Performance

NASDAQ EVGR opened at $11.81 on Friday. The company has a market capitalization of $95.31 million and a P/E ratio of 42.18. Evergreen Co. has a 12 month low of $11.07 and a 12 month high of $11.81. The company’s 50 day simple moving average is $11.74 and its 200 day simple moving average is $11.60.

Evergreen (NASDAQ:EVGR) last announced its quarterly earnings results on Thursday, October 10th. The company reported $0.07 EPS 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.