SilverBox Corp IV (NYSE:SBXD) Stock Price Down 0% – Here’s What Happened

SilverBox Corp IV (NYSE:SBXD) shares traded down 0% during mid-day trading on Thursday . The stock traded as low as $10.84 and last traded at $10.8450. Approximately 21,511 shares were traded during trading, an increase of 124% from the average session volume of 9,609 shares. The stock had previously closed at $10.85.

Analyst Upgrades and Downgrades

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

SilverBox Corp IV Stock Performance

The company has a 50 day moving average of $10.81 and a 200 day moving average of $10.72. The stock has a market capitalization of $276.31 million, a price-to-earnings ratio of 54.27 and a beta of 0.06.

SilverBox Corp IV (NYSE:SBXD) last announced its earnings results on Friday, May 15th. The company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $1.87 million for the quarter.

Hedge Funds Weigh In On SilverBox Corp IV

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wolverine Asset Management LLC raised its holdings in shares of SilverBox Corp IV by 44.5% during the 4th quarter. Wolverine Asset Management LLC now owns 972,109 shares of the company’s stock worth $10,285,000 after acquiring an additional 299,497 shares during the period. Creek Drive Management Group LLC purchased a new stake in shares of SilverBox Corp IV in the fourth quarter valued at about $1,481,000. Radcliffe Capital Management L.P. grew its holdings in shares of 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 purchasing an additional 50,042 shares during the period. Lineage Point Capital LP acquired a new stake in SilverBox Corp IV during the fourth quarter worth about $529,000. Finally, Rangeley Capital LLC acquired a new stake in SilverBox Corp IV during the second quarter worth about $110,000.

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.