Creek Drive Management Group LLC Takes Position in SilverBox Corp IV $SBXD

Creek Drive Management Group LLC purchased a new stake in SilverBox Corp IV (NYSE:SBXD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 140,000 shares of the company’s stock, valued at approximately $1,481,000. SilverBox Corp IV comprises about 1.0% of Creek Drive Management Group LLC’s investment portfolio, making the stock its 29th biggest position. Creek Drive Management Group LLC owned about 0.55% of SilverBox Corp IV at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SBXD. Berkley W R Corp grew its holdings in SilverBox Corp IV by 184.2% in the 3rd quarter. Berkley W R Corp now owns 171,191 shares of the company’s stock valued at $1,792,000 after buying an additional 110,952 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in shares of SilverBox Corp IV by 44.5% during the 4th quarter. Wolverine Asset Management LLC now owns 972,109 shares of the company’s stock worth $10,285,000 after acquiring an additional 299,497 shares during the period. Mangrove Partners IM LLC purchased a new position in shares of SilverBox Corp IV during the 3rd quarter worth $1,640,000. Radcliffe Capital Management L.P. boosted its position in shares of SilverBox Corp IV by 28.2% during the 4th quarter. Radcliffe Capital Management L.P. now owns 227,454 shares of the company’s stock valued at $2,406,000 after acquiring an additional 50,042 shares during the last quarter. Finally, Lineage Point Capital LP acquired a new position in shares of SilverBox Corp IV during the 4th quarter valued at about $529,000.

SilverBox Corp IV Stock Performance

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 one year low of $10.35 and a one year high of $11.64. The business’s 50 day moving average price is $10.77 and its 200 day moving average price is $10.68.

SilverBox Corp IV (NYSE:SBXD) last posted its earnings results on Friday, May 15th. The company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $1.87 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of SilverBox Corp IV in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus 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.