Wolverine Asset Management LLC Has $7.04 Million Stock Position in SilverBox Corp IV $SBXD

Wolverine Asset Management LLC raised its holdings in shares of SilverBox Corp IV (NYSE:SBXD) by 1,163.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 672,612 shares of the company’s stock after buying an additional 619,358 shares during the period. Wolverine Asset Management LLC’s holdings in SilverBox Corp IV were worth $7,042,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SBXD. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of SilverBox Corp IV by 200.0% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 600,000 shares of the company’s stock valued at $6,361,000 after purchasing an additional 400,000 shares during the last quarter. Tuttle Capital Management LLC bought a new stake in SilverBox Corp IV in the 2nd quarter valued at $219,000. Radcliffe Capital Management L.P. bought a new stake in SilverBox Corp IV in the 2nd quarter valued at $1,699,000. Federated Hermes Inc. acquired a new position in SilverBox Corp IV in the 2nd quarter valued at $1,081,000. Finally, Massar Capital Management LP bought a new position in SilverBox Corp IV during the 2nd quarter worth $767,000.

Wall Street Analyst Weigh In

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

SilverBox Corp IV Stock Performance

SBXD opened at $10.62 on Friday. SilverBox Corp IV has a 52-week low of $10.09 and a 52-week high of $11.64. The firm has a market cap of $270.28 million, a P/E ratio of 62.47 and a beta of 0.11. The business’s fifty day moving average is $10.56 and its 200-day moving average is $10.57.

SilverBox Corp IV (NYSE:SBXD) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.03 earnings per share for the quarter. The firm had revenue of $2.31 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.