Creek Drive Management Group LLC bought a new position in shares of SilverBox Corp IV (NYSE:SBXD – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 140,000 shares of the company’s stock, valued at approximately $1,481,000. SilverBox Corp IV accounts for about 1.0% of Creek Drive Management Group LLC’s holdings, making the stock its 29th biggest holding.
Other institutional investors and hedge funds have also made changes to their positions in the company. Berkley W R Corp lifted its holdings in shares of SilverBox Corp IV by 184.2% in the 3rd 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. Wolverine Asset Management LLC increased its holdings in SilverBox Corp IV by 44.5% in the 4th quarter. Wolverine Asset Management LLC now owns 972,109 shares of the company’s stock valued at $10,285,000 after purchasing an additional 299,497 shares during the last quarter. Mangrove Partners IM LLC acquired a new stake in SilverBox Corp IV in the 3rd quarter valued at approximately $1,640,000. Radcliffe Capital Management L.P. increased its holdings in SilverBox Corp IV by 28.2% in the 4th 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 last quarter. Finally, Lineage Point Capital LP purchased a new stake in SilverBox Corp IV in the fourth quarter valued at approximately $529,000.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (d)” rating on shares of SilverBox Corp IV in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SilverBox Corp IV presently has an average rating of “Sell”.
SilverBox Corp IV Stock Performance
Shares of SBXD opened at $10.82 on Friday. The stock has a market capitalization of $275.50 million, a PE ratio of 54.12 and a beta of 0.06. SilverBox Corp IV has a 1 year low of $10.35 and a 1 year high of $11.64. The company’s 50-day simple moving average is $10.77 and its 200-day simple moving average is $10.68.
SilverBox Corp IV (NYSE:SBXD – Get Free Report) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.05 earnings per share for the quarter. The business had revenue of $1.87 million during the quarter.
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.
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