SilverBox Corp IV (NYSE:SBXD) Releases Earnings Results

SilverBox Corp IV (NYSE:SBXD) issued its earnings results on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $2.14 million for the quarter.

SilverBox Corp IV Price Performance

Shares of NYSE SBXD traded down $0.01 during mid-day trading on Thursday, reaching $10.67. 1,584 shares of the company traded hands, compared to its average volume of 3,006. SilverBox Corp IV has a fifty-two week low of $10.16 and a fifty-two week high of $11.64. The stock has a fifty day simple moving average of $10.64 and a 200-day simple moving average of $10.57.

Institutional Investors Weigh In On SilverBox Corp IV

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SBXD. Rangeley Capital LLC acquired a new stake in shares of SilverBox Corp IV during the 2nd quarter valued at about $110,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of SilverBox Corp IV in the fourth quarter valued at about $205,000. Citadel Advisors LLC bought a new stake in shares of SilverBox Corp IV during the third quarter valued at approximately $489,000. Lineage Point Capital LP bought a new stake in shares of SilverBox Corp IV in the 4th quarter valued at approximately $529,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of SilverBox Corp IV in the 2nd quarter valued at $603,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of SilverBox Corp IV in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

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.