SilverBox Corp IV (NYSE:SBXD) Trading 0.3% Higher – What’s Next?

Shares of SilverBox Corp IV (NYSE:SBXD) rose 0.3% on Thursday . The company traded as high as $10.92 and last traded at $10.61. Approximately 899 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 21,195 shares. The stock had previously closed at $10.58.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated 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, According to MarketBeat.com, the stock has an average rating of “Sell”.

SilverBox Corp IV Price Performance

The company’s 50 day simple moving average is $10.56 and its 200 day simple moving average is $10.58. The company has a market capitalization of $270.02 million, a PE ratio of 62.41 and a beta of 0.11.

SilverBox Corp IV (NYSE:SBXD) last issued its earnings results on Wednesday, November 12th. The company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $2.31 million during the quarter.

Institutional Trading of SilverBox Corp IV

A number of large investors have recently made changes to their positions in the company. Meteora Capital LLC purchased a new position in SilverBox Corp IV during the 3rd quarter worth approximately $1,570,000. Citadel Advisors LLC acquired a new stake in shares of SilverBox Corp IV in the third quarter valued at approximately $489,000. Berkley W R Corp grew its position in shares of SilverBox Corp IV by 184.2% during the third quarter. Berkley W R Corp now owns 171,191 shares of the company’s stock worth $1,792,000 after acquiring an additional 110,952 shares during the last quarter. Mangrove Partners IM LLC acquired a new position in shares of SilverBox Corp IV in the 3rd quarter valued at $1,640,000. Finally, Radcliffe Capital Management L.P. increased its holdings in shares of SilverBox Corp IV by 14.4% in the 3rd quarter. Radcliffe Capital Management L.P. now owns 177,412 shares of the company’s stock valued at $1,858,000 after acquiring an additional 22,375 shares during the period.

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.