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180 Degree Capital Corp. - TURN STOCK NEWS

Welcome to our dedicated page for 180 Degree Capital news (Ticker: TURN), a resource for investors and traders seeking the latest updates and insights on 180 Degree Capital stock.

180 Degree Capital Corp. (symbol: TURN) is a publicly traded registered closed-end fund specializing in investing in undervalued small-cap companies with significant turnaround potential. The company's strategy hinges on constructive activism to unlock value in these firms, aiming for a 180-degree transformation in their performance and market perception.

Founded on the principles of long-term capital appreciation, 180 Degree Capital Corp. focuses on sectors driven by disruptive technologies, particularly in the life sciences, precision medicine, and health industries. As a non-diversified closed-end management investment company, TURN offers a unique investment approach by combining venture capital insights with strategic activism.

Recent achievements include successful investments and strategic partnerships that have led to substantial milestones in the portfolio companies' growth and market presence. The company continually evaluates new opportunities to invest in businesses that exhibit strong potential for innovation and market scalability.

180 Degree Capital Corp.'s operations are geared towards providing support and resources to its portfolio companies, enabling them to commercialize and integrate their products effectively. The firm leverages its expertise in financial services and industry-specific knowledge to foster growth and drive transformational outcomes.

For more detailed information and the latest updates, visit their website.

News

180 Degree Capital Corp. Notes Average Discount of Net Asset Value per Share to Stock Price for Fourth Month of Initial Measurement Period of Its Discount Management Program

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180 Degree Capital Corp. noted a 14% average discount between its estimated daily net asset value per share and stock price in April 2024, and a 20% discount year-to-date. The company plans to evaluate discounts as part of a Discount Management Program. Kevin M. Rendino discussed challenging market conditions but expressed confidence in the value creation potential for shareholders.

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180 Degree Capital Corp. Notes Inclusion of Matthew F. McLaughlin as a Nominee for the Board of Directors of comScore, Inc.

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180 Degree Capital Corp. acknowledges the inclusion of Matthew F. McLaughlin as a nominee for the Board of Directors of comScore, Inc. The company withdrew its own nomination of Mr. McLaughlin and proposal to declassify SCOR's Board of Directors. The CEO commends SCOR's Board for avoiding a proxy contest and believes Matt will enhance value creation. Despite business improvements, SCOR's stock price has decreased by 75% since March 2021. 180 Degree Capital urges immediate actions to address value impediments, including capital structure and data license contract with Charter Communications.
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180 Degree Capital Corp. Notes Average Discount of Net Asset Value per Share to Stock Price for Third Month of Initial Measurement Period of its Discount Management Program

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180 Degree Capital Corp. (TURN) reports an average discount of 20% and 22% between its estimated daily NAV and stock price for March 2024 and year-to-date. The company plans to evaluate discounts and consider options like stock buybacks or cash distributions if the discount exceeds 12%.
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180 Degree Capital Corp. Notes Support of Its Board Nominee, Matthew F. Mclaughlin, by Board of Directors of comScore, Inc.

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180 Degree Capital Corp. announces the addition of Matthew F. McLaughlin to comScore, Inc.'s Board of Directors. The move aims to enhance corporate governance and value creation for common stockholders. The upcoming Annual Meeting is seen as a crucial step towards addressing key issues like capital structure and data license contracts.
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180 Degree Capital Corp. Notes Average Discount of Net Asset Value Per Share to Stock Price for Second Month of Initial Measurement Period of its Discount Management Program

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180 Degree Capital Corp. (NASDAQ: TURN) reports an average daily discount between estimated NAV and closing stock price of approximately 25% in February 2024. The Board plans to evaluate discounts in 2024 and 2025, with potential actions including stock buybacks, cash distributions, or a tender offer if discounts exceed 12%.
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180 Degree Capital Corp. Reports Net Asset Value per Share (“NAV") of $5.02, Comprised of 99% Cash and Public Securities, as of December 31, 2023

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180 Degree Capital Corp. (NASDAQ: TURN) reported a +6.9% gross total return in the fourth quarter of 2023, leading to an increase in net asset value per share from $4.91 to $5.02. The company's assets are now predominantly investments in public companies and cash. The US economy's resilience, combined with potential interest rate reductions, is expected to benefit the company's investments in 2024. 180 Degree Capital anticipates constructive activism and catalysts at portfolio companies to drive value creation for shareholders.
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180 Degree Capital Corp. to Report Fourth Quarter 2023 Financial Results on Tuesday, February 20, 2024, and to Host a Conference Call on Wednesday, February 21, 2024

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180 Degree Capital Corp. (TURN) will release its Q4 2023 financial results on February 20, 2024, followed by a conference call on February 21, 2024, to discuss Q1 2024 updates. Investors can access the call through provided dial-in details and webcast link.
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180 Degree Capital Corp. Notes Average Discount of Net Asset Value Per Share to Stock Price for First Month of Initial Measurement Period of Its Discount Management Program

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180 Degree Capital Corp. noted an average discount of approximately 22% between its estimated daily net asset value per share and its daily closing stock price during January 2024, with a discount of 26% on January 31, 2024. The Board of Directors has set measurement periods to evaluate the average discount and may consider stock buyback, cash distributions, or a tender offer if the discount exceeds 12%. The company has been active in nominating directors for Synchronoss Technologies, Inc. and comScore, Inc., aiming to drive value creation and improve corporate governance.
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180 Degree Capital Corp. Nominates Matthew F. McLaughlin for Election to the Board of comScore, Inc.

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180 Degree Capital Corp. announced its intention to nominate Matthew F. McLaughlin for election to comScore, Inc.'s board of directors at the 2024 annual meeting of stockholders. Mr. McLaughlin is a retired advertising technology executive and Naval officer, with significant experience in digital media measurement and analytics. The company believes that his addition to the board would improve corporate governance and provide valuable industry expertise to the management team.
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180 Degree Capital Corp. Notes the Start of Discount Management Program First Measurement Period

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180 Degree Capital Corp. (NASDAQ:TURN) has announced the beginning of the first measurement period of its Discount Management Program, aiming to reduce the discount that 180’s common stock trades at versus its net asset value per share. The Program, established to monitor the discount and take actions for the benefit of TURN’s common stockholders, will consider options including a significant expansion of 180’s current stock buyback program, cash distributions, or a tender offer if the stock trades at an average daily discount to NAV of more than 12% during the measurement periods. The company's business transformation is complete with substantially all of 180’s assets in cash and publicly traded securities, and the Program is designed to set the stage for the Board of Directors to take necessary actions to narrow the discount. The existence of the Program and its associated measurement periods demonstrate the continued focus of both 180’s Board and management team on taking active steps to minimize any persistent above average discount in 180’s share price.
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FAQ

What is the current stock price of 180 Degree Capital (TURN)?

The current stock price of 180 Degree Capital (TURN) is $3.75 as of January 23, 2025.

What is the market cap of 180 Degree Capital (TURN)?

The market cap of 180 Degree Capital (TURN) is approximately 38.7M.

What is 180 Degree Capital Corp. (TURN)?

180 Degree Capital Corp. is a publicly traded registered closed-end fund focused on investing in undervalued small-cap companies with potential for significant turnarounds.

What is the main investment strategy of 180 Degree Capital Corp.?

The company employs constructive activism to unlock value in undervalued small-cap companies, aiming for significant transformations in their performance.

Which sectors does 180 Degree Capital Corp. focus on?

The firm focuses on life sciences, precision medicine, and health industries driven by disruptive technologies.

What type of company is 180 Degree Capital Corp.?

It is a non-diversified closed-end management investment company with a goal of achieving long-term capital appreciation.

How does 180 Degree Capital Corp. assist its portfolio companies?

The company provides value-added assistance through strategic support, leveraging its financial and industry expertise to foster growth and innovation.

Where can I find more information about 180 Degree Capital Corp.?

More detailed information can be found on their official website at www.180degreecapital.com.

What is the ticker symbol of 180 Degree Capital Corp.?

The ticker symbol for 180 Degree Capital Corp. is TURN.

Who can I contact for press inquiries?

For press inquiries, contact Daniel B. Wolfe or Robert E. Bigelow at 973-746-4500 or via email at ir@180degreecapital.com.

What is the core mission of 180 Degree Capital Corp.?

The core mission is to invest in and support undervalued small-cap companies to achieve substantial turnarounds, driving long-term capital appreciation.

What recent achievements has 180 Degree Capital Corp. accomplished?

The company has made successful investments and formed strategic partnerships, resulting in significant milestones for its portfolio companies.
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180 Degree Capital Corp.

Nasdaq:TURN

TURN Rankings

#5045 Ranked by Market Cap
N/A Ranked by Dividends

TURN Stock Data

38.70M
8.74M
12.65%
18.85%
0.08%
Asset Management
Investors, Nec
Link
United States of America
NEW YORK