Radcliffe Capital Management L.P. Grows Stock Position in SilverBox Corp IV $SBXD

Radcliffe Capital Management L.P. increased its holdings in SilverBox Corp IV (NYSE:SBXD) by 28.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 227,454 shares of the company’s stock after buying an additional 50,042 shares during the quarter. Radcliffe Capital Management L.P. owned 0.89% of SilverBox Corp IV worth $2,406,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Berkley W R Corp increased its holdings in SilverBox Corp IV by 607.8% during 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 last quarter. Crossingbridge Advisors LLC purchased a new position in shares of SilverBox Corp IV during the 4th quarter worth $6,741,000. Wolverine Asset Management LLC boosted its stake in shares of SilverBox Corp IV by 44.5% during the 4th quarter. Wolverine Asset Management LLC now owns 972,109 shares of the company’s stock worth $10,285,000 after acquiring an additional 299,497 shares during the last quarter. Mangrove Partners IM LLC bought a new stake in shares of SilverBox Corp IV during the 3rd quarter valued at $1,640,000. Finally, Meteora Capital LLC purchased a new stake in shares of SilverBox Corp IV in the 3rd quarter worth $1,570,000.

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 research analyst has rated the stock with a Sell rating, According to MarketBeat.com, SilverBox Corp IV has an average rating of “Sell”.

SilverBox Corp IV Trading Up 0.5%

SilverBox Corp IV stock opened at $10.84 on Wednesday. The firm has a 50 day moving average of $10.77 and a 200 day moving average of $10.67. The firm has a market capitalization of $275.90 million, a price-to-earnings ratio of 54.21 and a beta of 0.06. SilverBox Corp IV has a 12-month low of $10.35 and a 12-month high of $11.64.

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

SilverBox Corp IV 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.