Picton Mahoney Asset Management Invests $2.84 Million in Evergreen Co. (NASDAQ:EVGR)

Picton Mahoney Asset Management bought a new position in Evergreen Co. (NASDAQ:EVGR) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 250,000 shares of the company’s stock, valued at approximately $2,835,000. Picton Mahoney Asset Management owned approximately 2.29% of Evergreen as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wolverine Asset Management LLC lifted its stake in shares of Evergreen by 32.6% in the fourth quarter. Wolverine Asset Management LLC now owns 598,036 shares of the company’s stock worth $6,692,000 after buying an additional 147,178 shares in the last quarter. Berkley W R Corp lifted 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 worth $3,466,000 after buying an additional 34,396 shares in the last quarter. Finally, Flow State Investments L.P. bought a new position in shares of Evergreen in the fourth quarter worth approximately $1,955,000. Institutional investors own 69.26% of the company’s stock.

Evergreen Stock Performance

Shares of EVGR traded up $0.01 during mid-day trading on Friday, hitting $11.58. 6,842 shares of the company traded hands, compared to its average volume of 55,727. The stock has a 50-day moving average price of $11.46 and a two-hundred day moving average price of $11.36. Evergreen Co. has a 1 year low of $10.80 and a 1 year high of $11.58. The stock has a market cap of $126.26 million and a price-to-earnings ratio of 38.57.

Evergreen (NASDAQ:EVGR) last released its quarterly earnings data on Monday, April 15th. The company reported $0.08 earnings per share for the quarter.

Evergreen Company 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.