Mangrove Partners IM LLC Takes $1.64 Million Position in SilverBox Corp IV $SBXD

Mangrove Partners IM LLC purchased a new position in shares of SilverBox Corp IV (NYSE:SBXD) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 156,622 shares of the company’s stock, valued at approximately $1,640,000. Mangrove Partners IM LLC owned about 0.62% of SilverBox Corp IV as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SBXD. Rangeley Capital LLC acquired a new stake in SilverBox Corp IV in the 2nd quarter valued at about $110,000. JPMorgan Chase & Co. purchased a new position in SilverBox Corp IV during the 2nd quarter valued at about $603,000. Massar Capital Management LP acquired a new position in SilverBox Corp IV during the second quarter worth about $767,000. Federated Hermes Inc. acquired a new position in SilverBox Corp IV during the second quarter worth about $1,081,000. Finally, Radcliffe Capital Management L.P. purchased a new stake in shares of SilverBox Corp IV in the second quarter valued at about $1,699,000.

SilverBox Corp IV Trading Down 0.0%

Shares of NYSE:SBXD opened at $10.67 on Friday. The firm has a market cap of $271.42 million, a price-to-earnings ratio of 62.74 and a beta of 0.10. The stock’s 50-day moving average price is $10.64 and its two-hundred day moving average price is $10.56. SilverBox Corp IV has a 12-month low of $10.16 and a 12-month high of $11.64.

Analysts Set New Price Targets

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 a consensus rating of “Sell”.

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.