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

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

SilverBox Corp IV Stock Performance

Shares of NYSE:SBXD traded up $0.01 during mid-day trading on Friday, hitting $10.82. The stock had a trading volume of 173 shares, compared to its average volume of 37,444. The company has a market cap of $275.37 million, a PE ratio of 54.10 and a beta of 0.06. SilverBox Corp IV has a 12-month low of $10.41 and a 12-month high of $11.10. The company’s 50 day moving average is $10.82 and its 200-day moving average is $10.75.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of SilverBox Corp IV in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, SilverBox Corp IV presently has an average rating of “Sell”.

Institutional Trading of SilverBox Corp IV

Several large investors have recently added to or reduced their stakes in SBXD. Berkley W R Corp raised its stake in shares of SilverBox Corp IV by 25.0% during the 1st 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 in the last quarter. Creek Drive Management Group LLC acquired a new position in SilverBox Corp IV in the fourth quarter worth approximately $1,481,000. Lineage Point Capital LP bought a new position in SilverBox Corp IV during the fourth quarter valued at approximately $529,000. Schonfeld Strategic Advisors LLC acquired a new stake in SilverBox Corp IV in the fourth quarter valued at approximately $205,000. Finally, Radcliffe Capital Management L.P. lifted its stake 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 valued at $2,406,000 after acquiring an additional 50,042 shares during the last quarter.

SilverBox Corp IV Company 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.