Mangrove Partners IM LLC Buys New Shares in SilverBox Corp IV $SBXD

Mangrove Partners IM LLC purchased a new position in shares of SilverBox Corp IV (NYSE:SBXD) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 156,622 shares of the company’s stock, valued at approximately $1,640,000.

A number of other large investors also recently bought and sold shares of SBXD. Rangeley Capital LLC acquired a new position in shares of SilverBox Corp IV in the 2nd quarter valued at $110,000. JPMorgan Chase & Co. purchased a new stake in shares of SilverBox Corp IV during the 2nd quarter valued at $603,000. Massar Capital Management LP acquired a new stake in shares of SilverBox Corp IV during the 2nd quarter worth $767,000. Federated Hermes Inc. acquired a new stake in shares of SilverBox Corp IV during the 2nd quarter worth $1,081,000. Finally, Radcliffe Capital Management L.P. purchased a new position in shares of SilverBox Corp IV in the 2nd quarter worth $1,699,000.

SilverBox Corp IV Stock Performance

NYSE SBXD opened at $10.67 on Friday. The firm has a market capitalization of $271.42 million, a price-to-earnings ratio of 62.74 and a beta of 0.10. SilverBox Corp IV has a one year low of $10.16 and a one year high of $11.64. The company’s 50 day moving average price is $10.64 and its 200 day moving average price is $10.56.

Wall Street Analysts Forecast Growth

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

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.