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.
B. Riley Financial and 180 Degree Capital Corp are advocating for significant changes to the Maven Board of Directors. They requested the immediate resignation of five directors, citing a lack of responsive dialogue. As principal investors in Maven's $24M equity offering, B. Riley and 180 believe the current board does not reflect the company’s growth potential following key acquisitions. They assert that timely action is necessary to prepare for an uplist to a major stock exchange and maintain shareholder interests.
180 Degree Capital Corp. (NASDAQ:TURN) reported its Q3 2020 financial results, highlighting a gross total return of +25.4% from public portfolio investments, outperforming the Russell Microcap Index. However, the private portfolio saw a decline of 10.6%, leading to a +7.4% growth of net asset value (NAV) to $2.90 per share. The company's stock price rose to $1.89, reflecting an 8.6% increase. Despite some gains in Q3, Q4 trends show a drop in public portfolio returns, with a total return of -2.7% through November 17, 2020.
On November 16, 2020, 180 Degree Capital Corp disclosed an opening position in Lantronix, Inc., owning 903,011 shares, representing 3.16% of the company's relevant securities. The disclosure adheres to Rule 8.3 of the Takeover Code, indicating 180 Degree Capital's significant interest in Lantronix as of November 13, 2020. The report also confirms that no dealings or financial arrangements have taken place that could impact their shareholding, and there are no additional disclosures in relation to other parties involved in the offer.
180 Degree Capital Corp. (NASDAQ: TURN) will announce its Q3 2020 financial results on November 18, 2020, post-market close. A conference call to discuss these results is scheduled for November 19, 2020, at 9 am ET. Investors can join via the U.S. domestic dial-in number (712) 770-4598 or international numbers listed in the release. Also, a replay will be available on the company’s investor relations website. The firm focuses on investing in undervalued small companies and aims to improve their share prices through constructive activism.
180 Degree Capital Corp. (NASDAQ:TURN) appointed Tonia L. Pankopf to its Board of Directors, replacing Charles E. Ramsey, who retired after 18 years. Pankopf brings 25 years of investment experience, including roles at Goldman Sachs and Merrill Lynch. Her expertise in capital market transactions and hedge fund management aligns with 180's goal to invest in undervalued small companies. The Board now consists of six members, four of whom are independent. The management views her addition as a strategic step to enhance growth and investment opportunities.
180 Degree Capital Corp. (NASDAQ: TURN) reported its Q2 2020 financial results, showing a 23.9% gross total return from its public portfolio and a 30.6% return from its private portfolio. The company's Net Asset Value (NAV) per share rose from $2.12 to $2.70. The acquisition of Petra Pharma Corporation contributed approximately $4.4 million in cash, with future milestone payments potentially reaching $86.9 million. For Q3, the public portfolio saw a 11.7% return in July, with total cash and securities valued at $1.70 per share as of August 7, 2020.
180 Degree Capital Corp. (NASDAQ: TURN) is set to announce its Q2 2020 financial results on August 10, 2020, after market close. A conference call to discuss these results is scheduled for August 11, 2020, at 9 am ET, with dial-in details provided. The company focuses on investing in undervalued small public companies, seeking to achieve substantial share price turnarounds through constructive activism. Interested parties can access presentation materials and the meeting replay through the company's investor relations website.
180 Degree Capital Corp. (NASDAQ: TURN) announced a $6.9 million investment in Sonim Technologies, Inc. during its $27.6 million public offering, which closed on June 9, 2020. This investment enabled 180 to acquire 9,250,000 shares at $0.75 each, representing approximately 14% ownership in Sonim. The company's solutions target task workers in critical roles, enhancing productivity and safety. 180 expressed confidence in Sonim's management team, anticipating a turnaround similar to previous successful investments. Additionally, the firm noted a gross total return of 32.4% for the quarter, boosting its net asset value.
MONTCLAIR, N.J., June 08, 2020 – 180 Degree Capital Corp. (NASDAQ: TURN) announced a definitive investment advisory agreement managing a $25 million allocation from a pension fund in a separately managed account. The company is now a registered investment adviser with the SEC. CEO Kevin M. Rendino expressed excitement about the investment, reinforcing the firms' capital for activist investing. 180 Degree Capital focuses on undervalued small public companies, aiming to drive share price turnarounds through constructive activism.
180 Degree Capital Corp. (NASDAQ: TURN) announced financial results as of March 31, 2020, highlighting a definitive agreement for the acquisition of a life science portfolio company. The sale is estimated to provide an upfront payment of $4.4 million, plus potential future milestone payments totaling $81 million. CEO Kevin M. Rendino noted a significant rebound in the public portfolio, which rose by 18.9% in April 2020. Additionally, 180 was selected to manage $25 million for a pension fund, marking progress in expanding capital management efforts.
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