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

SilverBox Corp IV (NYSE:SBXD) announced its quarterly earnings results on Thursday. The company reported $0.06 EPS for the quarter, FiscalAI reports. The firm had revenue of $2.14 million during the quarter.

SilverBox Corp IV Price Performance

SilverBox Corp IV stock opened at $10.68 on Friday. SilverBox Corp IV has a one year low of $10.16 and a one year high of $11.64. The company’s fifty day moving average price is $10.65 and its two-hundred day moving average price is $10.57. The company has a market capitalization of $271.81 million, a price-to-earnings ratio of 46.43 and a beta of 0.10.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SBXD. Wolverine Asset Management LLC lifted its holdings in SilverBox Corp IV by 1,163.0% in the 3rd quarter. Wolverine Asset Management LLC now owns 672,612 shares of the company’s stock worth $7,042,000 after purchasing an additional 619,358 shares during the last quarter. Berkley W R Corp grew its holdings in SilverBox Corp IV by 184.2% during the third quarter. Berkley W R Corp now owns 171,191 shares of the company’s stock valued at $1,792,000 after purchasing an additional 110,952 shares during the last quarter. Mangrove Partners IM LLC acquired a new position in SilverBox Corp IV during the third quarter valued at approximately $1,640,000. Massar Capital Management LP bought a new position in shares of SilverBox Corp IV in the second quarter valued at approximately $767,000. Finally, Crossingbridge Advisors LLC bought a new position in shares of SilverBox Corp IV in the fourth quarter valued at approximately $6,741,000.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of SilverBox Corp IV in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus 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.