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.
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.
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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. (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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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. (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. (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. (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. (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. 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.
Nasdaq:TURN
TURN Rankings
TURN Stock Data
38.30M
8.81M
11.93%
19.77%
0.01%
Securities and Commodity Exchanges
Finance and Insurance
United States of America
NEW YORK
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.