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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 Appointment of Kevin M. Rendino to the Board of Directors of Its Portfolio Company, Synchronoss Technologies, Inc.

Rhea-AI Summary
180 Degree Capital Corp. (NASDAQ:TURN) announced the appointment of its Chairman and CEO, Kevin M. Rendino, to the Board of Directors of Synchronoss Technologies, Inc. (SNCR), a portfolio holding of 180. This move reflects 180's confidence in SNCR's cloud business and its potential for growth and shareholder value creation.
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180 Degree Capital Corp. Announces Discount Management Program

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180 Degree Capital Corp. (NASDAQ:TURN) announced a Discount Management Program aimed at reducing the discount at which its common stock trades versus net asset value per share (NAV). The program involves two measurement periods, and if the stock trades at an average daily discount to NAV of more than 12% during these periods, the company's Board will consider options such as stock buyback, cash distributions, or a tender offer.
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180 Degree Capital Corp. Establishes Discount Management Program And Reports Net Asset Value Per Share (“Nav”) Of $4.91, Comprised Of 97% Cash And Public Securities, As Of September 30, 2023

Rhea-AI Summary
180 Degree Capital Corp. (NASDAQ:TURN) announced a discount management program, reported Q3 2023 financial results, and shared Q4 2023 developments. The company's NAV declined 21.1% to $4.91, but they highlighted the positive impact of their current strategy. The Discount Management Program aims to address stock price discount issues. The company's portfolio companies show potential for growth despite market volatility.
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180 Degree Capital Corp. to Report Third Quarter 2023 Financial Results on Monday, November 13, 2023, and to Host a Conference Call on Tuesday, November 14, 2023

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180 Degree Capital Corp. (NASDAQ: TURN) to announce Q3 2023 financial results on November 13, 2023, followed by a conference call on November 14, 2023. Dial-in and webcast details available on the investor relations website.
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180 Degree Capital Corp. Affirms $6.22 Net Asset Value Per Share (“NAV”) as of June 30, 2023, and Notes Potential Pending Catalysts it Believes Can Lead to Increases in NAV in Future Quarters

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180 Degree Capital Corp. to Host a Conference Call on Tuesday, August 15, 2023, to Discuss Its Q2 2023 Financial Results and Portfolio Developments in Q3 2023

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180 Degree Capital Corp. Reports $6.22 Preliminary Net Asset Value Per Share, -1.6% YTD, and Liquid Public Securities and Cash of 87% of Net Assets, as of June 30, 2023

Rhea-AI Summary
180 Degree Capital Corp. (NASDAQ:TURN) reported preliminary results for Q2 2023, showing an increase in net asset value per share (NAV) driven by appreciation in the value of liquid public securities. The portfolio is focused on core positions with potential for material appreciation based on identified catalysts. The company experienced underperformance due to declines in certain holdings, resulting in a gross total return of -5.8% for public investments. Management believes TURN's stock price does not reflect the appropriate value of the company and its holdings.
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180 Degree Capital Corp. Presents Analysis Supporting Position That the Returns of Preferred Stockholders of Comscore, Inc. Would Benefit Substantially From a Higher Common Stock Price

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180 Degree Capital Corp. urges preferred stockholders of Comscore, Inc. to take action to boost SCOR's common share price. Failure to do so could cap the ROI for preferred stockholders at 8.9% to 13.8% through 2026. 180 believes that a higher share price would significantly enhance the preferred stockholders' ROI. SCOR's Board and preferred stockholders need to take immediate action to avoid losing key employees and jeopardizing future value for all stakeholders.
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180 Degree Capital Corp. Discloses Its Votes on Proposals From Comscore, Inc. for 2023 Annual Meeting

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180 Degree Capital Corp. Notes $6.52 Net Asset Value per Share as of March 31, 2023 and $5 Million Reauthorized Share Repurchase Program

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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

#5042 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