SilverBox Corp IV (NYSE:SBXD) Releases Earnings Results

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

SilverBox Corp IV Stock Performance

Shares of NYSE:SBXD remained flat at $10.82 during trading on Wednesday. The stock had a trading volume of 783 shares, compared to its average volume of 37,917. The company has a market cap of $275.42 million, a PE ratio of 54.10 and a beta of 0.06. The stock has a 50 day moving average price of $10.82 and a two-hundred day moving average price of $10.75. SilverBox Corp IV has a 1-year low of $10.40 and a 1-year high of $11.10.

Wall Street Analyst Weigh In

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, According to data from MarketBeat, the company has an average rating of “Sell”.

Institutional Trading of SilverBox Corp IV

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Berkley W R Corp lifted 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 buying an additional 302,899 shares during the last quarter. Creek Drive Management Group LLC bought a new position in SilverBox Corp IV during the fourth quarter valued at $1,481,000. Lineage Point Capital LP purchased a new stake in shares of SilverBox Corp IV in the fourth quarter valued at $529,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of SilverBox Corp IV in the fourth quarter valued at $205,000. Finally, Radcliffe Capital Management L.P. lifted its holdings in shares of SilverBox Corp IV by 28.2% in the 4th quarter. Radcliffe Capital Management L.P. now owns 227,454 shares of the company’s stock worth $2,406,000 after acquiring an additional 50,042 shares during the last quarter.

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.