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180 Degree Capital Corp - TURN STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect 180 Degree Capital's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of 180 Degree Capital's position in the market.

News
180 Degree Capital Corp. Notes Inclusion of Matthew F. McLaughlin as a Nominee for the Board of Directors of comScore, Inc.
Rhea-AI Summary
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.
Rhea-AI Impact
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End-of-Day
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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
Rhea-AI Summary
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%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.93%
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none
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News
180 Degree Capital Corp. Notes Support of Its Board Nominee, Matthew F. Mclaughlin, by Board of Directors of comScore, Inc.
Rhea-AI Summary
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.
Rhea-AI Impact
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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
Rhea-AI Summary
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%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.39%
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none
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News
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
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.63%
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none
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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
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.97%
Tags
conferences earnings
News
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
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1%
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none
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News
180 Degree Capital Corp. Nominates Matthew F. McLaughlin for Election to the Board of comScore, Inc.
Rhea-AI Summary
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.
Rhea-AI Impact
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End-of-Day
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180 Degree Capital Corp. Notes the Start of Discount Management Program First Measurement Period
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.46%
Tags
none
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.78%
Tags
management
Stock TURN logo
180 Degree Capital Corp

Nasdaq:TURN

TURN Rankings

#4863 Ranked by Market Cap
#3951 Ranked by Stock Gains
N/A Ranked by Dividends

TURN Stock Data

40.10M
8.81M
11.93%
19.77%
0.01%
Securities and Commodity Exchanges
Finance and Insurance
Link
US
Montclair

About TURN

180 degree capital corp. is a publicly traded registered closed-end fund focused on investing in and providing value-added assistance through constructive activism to what we believe are substantially undervalued small, publicly traded companies that have potential for significant turnarounds, i.e., a 180-degree turn. detailed information about 180 can be found on our website at www.180degreecapital.com.