SilverBox Corp IV (NYSE:SBXD) Issues Earnings Results
by Teresa Graham · The Cerbat GemSilverBox Corp IV (NYSE:SBXD – Get Free Report) posted its quarterly earnings results on Friday. The company reported $0.05 earnings per share for the quarter, FiscalAI reports. The business had revenue of $1.87 million during the quarter.
SilverBox Corp IV Trading Up 0.2%
SBXD stock traded up $0.02 during trading hours on Friday, hitting $10.78. 4,453 shares of the stock were exchanged, compared to its average volume of 40,777. The firm has a market capitalization of $274.35 million, a P/E ratio of 53.90 and a beta of 0.06. The company has a 50-day simple moving average of $10.72 and a two-hundred day simple moving average of $10.64. SilverBox Corp IV has a 12 month low of $10.35 and a 12 month high of $11.64.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Berkley W R Corp increased its position in SilverBox Corp IV by 184.2% during the 3rd quarter. Berkley W R Corp now owns 171,191 shares of the company’s stock worth $1,792,000 after buying an additional 110,952 shares during the period. Wolverine Asset Management LLC increased its position in SilverBox Corp IV by 1,163.0% during the 3rd quarter. Wolverine Asset Management LLC now owns 672,612 shares of the company’s stock worth $7,042,000 after buying an additional 619,358 shares during the period. Mangrove Partners IM LLC bought a new position in SilverBox Corp IV during the 3rd quarter worth $1,640,000. HRT Financial LP increased its position in SilverBox Corp IV by 19.0% during the 4th quarter. HRT Financial LP now owns 139,195 shares of the company’s stock worth $1,472,000 after buying an additional 22,196 shares during the period. Finally, Meteora Capital LLC bought a new position in shares of SilverBox Corp IV in the third quarter worth $1,570,000.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (d)” rating on shares of SilverBox Corp IV in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.
Get Our Latest Analysis on SilverBox Corp IV
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.