Quarry LP Takes Position in Evergreen Co. (NASDAQ:EVGR)

Quarry LP acquired a new stake in Evergreen Co. (NASDAQ:EVGR) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 148,593 shares of the company’s stock, valued at approximately $1,734,000. Quarry LP owned about 1.84% of Evergreen as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Spartan Fund Management Inc. bought a new stake in shares of Evergreen in the 3rd quarter valued at $603,000. K2 Principal Fund L.P. acquired a new position in Evergreen during the second quarter worth $1,675,000. Cowen AND Company LLC acquired a new position in Evergreen during the second quarter worth $2,706,000. Finally, Westchester Capital Management LLC acquired a new position in Evergreen during the third quarter worth $2,920,000. 69.26% of the stock is owned by institutional investors.

Evergreen Trading Up 0.2 %

EVGR opened at $11.81 on Thursday. The company’s fifty day moving average price is $11.75 and its two-hundred day moving average price is $11.61. Evergreen Co. has a 1-year low of $11.09 and a 1-year high of $11.81. The company has a market cap of $95.31 million and a price-to-earnings ratio of 42.18.

Evergreen (NASDAQ:EVGR) last released its quarterly earnings data 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.