SilverBox Corp IV (NYSE:SBXD) Posts Quarterly Earnings Results

SilverBox Corp IV (NYSE:SBXD) released its earnings results on Wednesday. The company reported $0.07 EPS for the quarter, FiscalAI reports. The firm had revenue of $1.92 million during the quarter.

SilverBox Corp IV Price Performance

SBXD remained flat at $10.82 on Thursday. The company’s stock had a trading volume of 6,713 shares, compared to its average volume of 37,692. The stock has a market cap of $275.37 million, a P/E ratio of 54.10 and a beta of 0.06. SilverBox Corp IV has a fifty-two week low of $10.41 and a fifty-two week high of $11.10. The firm’s fifty day moving average price is $10.82 and its 200-day moving average price is $10.75.

Hedge Funds Weigh In On SilverBox Corp IV

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Berkley W R Corp lifted its stake 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 valued at $12,820,000 after buying an additional 1,040,483 shares during the period. Crossingbridge Advisors LLC acquired a new position in shares of SilverBox Corp IV during the fourth quarter worth approximately $6,741,000. Wolverine Asset Management LLC lifted its holdings in shares of SilverBox Corp IV by 44.5% in the 4th 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 in the last quarter. Radcliffe Capital Management L.P. acquired a new stake in SilverBox Corp IV in the 2nd quarter valued at $1,699,000. Finally, Meteora Capital LLC bought a new position in shares of SilverBox Corp IV in the third quarter valued at $1,570,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of SilverBox Corp IV in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

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.