Wolverine Asset Management LLC Takes $982,000 Position in SilverBox Corp IV (NYSE:SBXD)

Key Points

• Wolverine Asset Management LLC has acquired a new stake in SilverBox Corp IV, buying 96,518 shares valued at approximately $982,000, representing about 0.38% ownership as per the latest SEC filing.
• Wall Street analysts have recently upgraded SilverBox Corp IV shares to a "hold" rating, indicating a cautious outlook on the stock.
• SilverBox Corp IV's stock closed at $10.47, with a 1-year price range between $9.95 and $11.64, reflecting a slight increase of 0.1% on the latest trading day.

Wolverine Asset Management LLC bought a new stake in SilverBox Corp IV (NYSE:SBXD - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 96,518 shares of the company's stock, valued at approximately $982,000. Wolverine Asset Management LLC owned 0.38% of SilverBox Corp IV as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealthspring Capital LLC boosted its stake in SilverBox Corp IV by 80.1% in the first quarter. Wealthspring Capital LLC now owns 20,755 shares of the company's stock valued at $211,000 after acquiring an additional 9,232 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of SilverBox Corp IV during the fourth quarter worth approximately $2,451,000. Finally, D. E. Shaw & Co. Inc. acquired a new position in shares of SilverBox Corp IV during the fourth quarter worth approximately $8,651,000.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded SilverBox Corp IV to a "hold" rating in a research report on Friday, June 27th.

SilverBox Corp IV Stock Performance

Shares of NYSE SBXD traded up $0.01 during midday trading on Thursday, hitting $10.47. 1,406 shares of the company's stock were exchanged, compared to its average volume of 88,968. The stock's 50 day moving average price is $10.74 and its 200-day moving average price is $10.41. SilverBox Corp IV has a twelve month low of $9.95 and a twelve month high of $11.64.

SilverBox Corp IV (NYSE:SBXD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $0.06 earnings per share (EPS) for the quarter.

SilverBox Corp IV Company Profile

Silverbox Corp. IV is a blank check company. It was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on April 16, 2024 and is headquartered in Austin, TX.