Wolverine Asset Management LLC Grows Position in Evergreen Co. (NASDAQ:EVGR)

Wolverine Asset Management LLC grew its stake in Evergreen Co. (NASDAQ:EVGR) by 32.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 598,036 shares of the company’s stock after purchasing an additional 147,178 shares during the period. Wolverine Asset Management LLC owned about 5.49% of Evergreen worth $6,692,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Radcliffe Capital Management L.P. boosted its position in Evergreen by 1.9% in the 3rd quarter. Radcliffe Capital Management L.P. now owns 256,483 shares of the company’s stock worth $2,814,000 after purchasing an additional 4,859 shares in the last quarter. Spartan Fund Management Inc. purchased a new position in shares of Evergreen during the 3rd quarter valued at approximately $1,644,000. Westchester Capital Management LLC purchased a new position in shares of Evergreen during the 3rd quarter valued at approximately $2,740,000. Cowen AND Company LLC lifted its position in shares of Evergreen by 70.8% during the 3rd quarter. Cowen AND Company LLC now owns 255,283 shares of the company’s stock valued at $2,800,000 after buying an additional 105,783 shares in the last quarter. Finally, Mizuho Securities USA LLC lifted its position in shares of Evergreen by 70.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 567,300 shares of the company’s stock valued at $6,155,000 after buying an additional 234,451 shares in the last quarter. Hedge funds and other institutional investors own 69.26% of the company’s stock.

Evergreen Stock Performance

Shares of NASDAQ:EVGR traded up $0.02 during midday trading on Tuesday, reaching $11.39. 150,102 shares of the company’s stock traded hands, compared to its average volume of 40,821. Evergreen Co. has a 1 year low of $10.50 and a 1 year high of $11.39. The company has a market cap of $124.15 million and a P/E ratio of 40.68. The company has a fifty day simple moving average of $11.32 and a two-hundred day simple moving average of $11.20.

Evergreen (NASDAQ:EVGR) last announced its earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share (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.