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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.
180 Degree Capital Corp. (NASDAQ:TURN) announced its Q4 2021 financial results, reporting a gross total return of +6.1% for the quarter and +34.7% for the full year. Assets under management reached approximately $114.7 million. Although the legacy private portfolio saw a decline of $1.6 million, potential monetization opportunities exist in 2022, including a $6.8 million possible payment related to former portfolio company Petra Pharma. The company's long-term investment strategy shows a gross total return of +373.6% since inception.
180 Degree Capital Corp. (NASDAQ: TURN) will release its fourth quarter 2021 financial results on February 24, 2022, after market close. A conference call to discuss these results and Q1 2022 updates is scheduled for February 25, 2022, at 9 AM Eastern Time. Investors can join via U.S. Domestic Dial-In at (609) 746-1082 or through the provided international dial-in numbers. A webcast will also be available for those who prefer online access. The company focuses on investing in undervalued small public companies, aiming for significant turnarounds in their share prices.
180 Degree Capital Corp. (NASDAQ:TURN) announced that D-Wave Systems, Inc. plans to merge with DPCM Capital, Inc. (SPAC), establishing D-Wave Quantum Inc. The transaction values D-Wave at approximately $1.2 billion and could enhance its position in commercial quantum computing across sectors like pharmaceuticals and finance. Post-merger, shares are set to trade on NYSE under the symbol QBTS. 180 Degree Capital holds around 900,000 shares of the merged entity. This deal is a significant milestone in 180's strategy to transition to a portfolio focused on public equities.
180 Degree Capital Corp. (NASDAQ:TURN) announced updates on potential milestone payments from the acquisition of Petra Pharma Corporation by Eli Lilly, totaling $6.8 million. This payment, if received, could increase cash per share by 9%. Lilly anticipates starting human studies in 2022, with additional payments possible in 2023. Despite market declines, 180 expects its net asset value (NAV) to increase in Q4 2021, surpassing $78.7 million. CEO Kevin Rendino noted that the company has outperformed in volatile markets and remains optimistic about future opportunities.
180 Degree Capital Corp. (NASDAQ: TURN) announced its partnership with FLX Distribution to enhance third-party capital management and brand visibility. This collaboration aims to expand their assets under management through a unique distribution platform, positioning 180 as a constructive activist investor. CEO Kevin M. Rendino emphasized that asset growth will only align with shareholder interests. The company focuses on undervalued small publicly traded firms, seeking to drive significant turnarounds in their share prices.
180 Degree Capital Corp. (NASDAQ:TURN) reported its Q3 2021 financial results, revealing a gross total return of -6.6% for its public market investments. The company holds assets worth approximately $112.1 million and has identified SPAC sponsorship opportunities, notably with Parabellum Acquisition Corp., which raised $143.75 million in its IPO. As of November 9, 2021, TURN's cash and securities totaled $79.1 million, surpassing its stock price of $7.2024. Management has continued to buy back shares, reflecting confidence in the company's valuation.
180 Degree Capital Corp. (NASDAQ: TURN) will announce its Q3 2021 financial results on November 9, 2021, after the market close. A conference call is scheduled for November 10, 2021, at 9 AM ET to discuss the results and Q4 2021 updates. The call can be accessed via U.S. Domestic Dial-In Number (609) 746-1082 or through the webcast link provided. 180 Degree Capital focuses on investing in undervalued small-cap companies to drive substantial turnarounds, reflecting its commitment to constructive activism.
180 Degree Capital Corp. (NASDAQ: TURN) reported a net asset value (NAV) per share growth to $10.68 as of June 30, 2021, marking the fifth consecutive quarter of growth. The public market investment strategy delivered a gross total return of +5.9% for Q2 2021, with the separately managed account (SMA) achieving +6.8%. As of the quarter's end, the company had $121 million in total assets under management, with $75.2 million allocated for public investment strategies. The private portfolio's decline impacted overall performance, but upcoming cash returns are expected to support future growth.
MONTCLAIR, N.J., Aug. 06, 2021 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ: TURN) will report its Q2 2021 financial results on August 10, 2021, after market close. A conference call is scheduled for August 11, 2021, at 9 AM ET to discuss the results and provide updates for Q3 2021. Participants can dial in using the U.S. Domestic Number (712) 770-4598 or access international dial-in numbers available online. A webcast will also be available for attendees. More details can be found on the company’s investor relations website.
180 Degree Capital Corp. (NASDAQ: TURN) reported Q1 2021 results, highlighting a net asset value (NAV) per share increase to $10.60, the highest in over six years. The public market investment strategy yielded a gross total return of +28.3%, while the separately managed account (SMA) achieved +20.7%. The company has approximately $114 million in assets under management. As of May 10, 2021, cash and securities increased to $77 million, bringing total current assets for public market strategy to $118.5 million. A conference call is scheduled for May 12, 2021, to discuss these developments.
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