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

SilverBox Corp IV (NYSE:SBXD) issued its quarterly earnings results on Friday. The company reported $0.05 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $1.87 million for the quarter.

SilverBox Corp IV Stock Performance

Shares of SilverBox Corp IV stock traded up $0.02 on Friday, hitting $10.78. 4,453 shares of the company traded hands, compared to its average volume of 40,777. The stock has a market capitalization of $274.35 million, a P/E ratio of 46.87 and a beta of 0.06. SilverBox Corp IV has a 52 week low of $10.35 and a 52 week high of $11.64. The business has a 50-day simple moving average of $10.72 and a 200 day simple moving average of $10.64.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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 company currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On SilverBox Corp IV

Several large investors have recently bought and sold shares of the business. Berkley W R Corp increased its position in SilverBox Corp IV by 25.0% in the first quarter. Berkley W R Corp now owns 1,514,573 shares of the company’s stock worth $16,206,000 after purchasing an additional 302,899 shares during the last quarter. Wolverine Asset Management LLC increased 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. Crossingbridge Advisors LLC bought a new stake in SilverBox Corp IV in the fourth quarter worth $6,741,000. Radcliffe Capital Management L.P. increased its position in SilverBox Corp IV by 28.2% in the fourth quarter. Radcliffe Capital Management L.P. now owns 227,454 shares of the company’s stock worth $2,406,000 after purchasing an additional 50,042 shares during the last quarter. Finally, Mangrove Partners IM LLC bought a new stake in SilverBox Corp IV in the third quarter worth $1,640,000.

About SilverBox Corp IV

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.