Glazer Capital LLC Decreases Stake in Evergreen Co. (NASDAQ:EVGR)

Glazer Capital LLC lessened its holdings in shares of Evergreen Co. (NASDAQ:EVGR) by 0.8% during the third quarter, HoldingsChannel reports. The fund owned 482,224 shares of the company’s stock after selling 3,715 shares during the period. Glazer Capital LLC owned about 0.06% of Evergreen worth $5,628,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Westchester Capital Management LLC acquired a new position in shares of Evergreen during the 3rd quarter worth $2,920,000. Spartan Fund Management Inc. acquired a new position in Evergreen during the third quarter worth about $603,000. K2 Principal Fund L.P. purchased a new position in Evergreen in the second quarter valued at about $1,675,000. Cowen AND Company LLC acquired a new stake in shares of Evergreen during the 2nd quarter valued at approximately $2,706,000. Finally, Virtu Financial LLC purchased a new stake in shares of Evergreen during the 1st quarter worth approximately $222,000. Institutional investors and hedge funds own 69.26% of the company’s stock.

Evergreen Price Performance

NASDAQ EVGR opened at $11.81 on Friday. The business has a 50 day moving average price of $11.74 and a 200 day moving average price of $11.60. The company has a market capitalization of $95.31 million and a P/E ratio of 42.18. Evergreen Co. has a 1-year low of $11.07 and a 1-year high of $11.81.

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