SilverBox Corp IV (NYSE:SBXD) Trading Up 0.1% – What’s Next?

SilverBox Corp IV (NYSE:SBXD)’s share price rose 0.1% during mid-day trading on Tuesday . The stock traded as high as $10.99 and last traded at $10.79. Approximately 394 shares traded hands during trading, a decline of 98% from the average daily volume of 25,173 shares. The stock had previously closed at $10.78.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of SilverBox Corp IV in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

SilverBox Corp IV Price Performance

The company has a fifty day moving average of $10.73 and a 200-day moving average of $10.65. The firm has a market cap of $274.66 million, a P/E ratio of 53.95 and a beta of 0.06.

SilverBox Corp IV (NYSE:SBXD) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $1.87 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SBXD. Berkley W R Corp boosted its position in SilverBox Corp IV by 607.8% in the fourth quarter. Berkley W R Corp now owns 1,211,674 shares of the company’s stock worth $12,820,000 after purchasing an additional 1,040,483 shares during the last quarter. Crossingbridge Advisors LLC purchased a new position in SilverBox Corp IV in the fourth quarter worth $6,741,000. Wolverine Asset Management LLC boosted its position in SilverBox Corp IV by 44.5% in the fourth quarter. Wolverine Asset Management LLC now owns 972,109 shares of the company’s stock worth $10,285,000 after purchasing an additional 299,497 shares during the last quarter. Mangrove Partners IM LLC purchased a new position in SilverBox Corp IV in the third quarter worth $1,640,000. Finally, Radcliffe Capital Management L.P. purchased a new position in SilverBox Corp IV in the second quarter worth $1,699,000.

SilverBox Corp IV Company Profile

SilverBox Corp IV is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering and to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a blank-check vehicle, the company does not engage in any commercial operations until it completes its business combination.

The company was organized under the laws of the State of Delaware and is sponsored by SilverBox Capital Partners, a private investment firm that focuses on partnering with founder-led companies across technology, healthcare, consumer and business services sectors.