SkyView Investment Advisors LLC Acquires Shares of 179,449 SilverBox Corp IV $SBXD

Key Points

• SkyView Investment Advisors acquired 179,449 shares of SilverBox Corp IV during the second quarter, valued at approximately $1.94 million. The position represents about 2.79% of SBXD and 1.6% of SkyView’s portfolio.
• Other institutional investors also increased or initiated holdings, including Berkley W R Corp, which raised its stake to 1.51 million shares, and Radcliffe Capital Management, which increased its position by 28.2%.
• SBXD opened at $10.88 with a market capitalization of about $69.84 million. Despite reporting quarterly EPS of $0.07 and revenue of $1.92 million, the stock has an average analyst rating of Sell.

SkyView Investment Advisors LLC bought a new position in SilverBox Corp IV (NYSE:SBXD - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 179,449 shares of the company's stock, valued at approximately $1,940,000. SilverBox Corp IV accounts for about 1.6% of SkyView Investment Advisors LLC's investment portfolio, making the stock its 17th largest holding. SkyView Investment Advisors LLC owned about 2.79% of SilverBox Corp IV as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SBXD. Lineage Point Capital LP bought a new position in shares of SilverBox Corp IV in the fourth quarter worth about $529,000. Creek Drive Management Group LLC purchased a new stake in SilverBox Corp IV in the 4th quarter valued at about $1,481,000. Radcliffe Capital Management L.P. boosted its position 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 buying an additional 50,042 shares during the period. Finally, Berkley W R Corp grew its stake in SilverBox Corp IV by 25.0% in the 1st quarter. Berkley W R Corp now owns 1,514,573 shares of the company's stock worth $16,206,000 after acquiring an additional 302,899 shares in the last quarter.

SilverBox Corp IV Trading Up 0.0%

SBXD opened at $10.88 on Tuesday. SilverBox Corp IV has a 12-month low of $10.41 and a 12-month high of $11.20. The business's fifty day simple moving average is $10.84 and its 200-day simple moving average is $10.78. The company has a market capitalization of $69.84 million, a price-to-earnings ratio of 51.79 and a beta of 0.06.

SilverBox Corp IV (NYSE:SBXD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.07 EPS for the quarter. The firm had revenue of $1.92 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of SilverBox Corp IV in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average 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.

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