180 Degree Capital Corp Stock Price, News & Analysis

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.

180 Degree Capital Corp. (NASDAQ: TURN) will release its first quarter 2021 financial results on May 11, 2021, after the market closes. A conference call is scheduled for May 12, 2021, at 9 AM Eastern Time to discuss these results and updates from Q2 2021. Interested parties can dial in using the provided U.S. domestic and international numbers, with a passcode of 415049. Presentation materials and a replay of the call will be available on the Company’s investor relations website.

180 Degree Capital Corp. (NASDAQ:TURN) reported a preliminary +28% gross total return for Q1 2021, translating to an increase of approximately +$16.6 million or +$1.60 per share. The company ended the quarter with $74.0 million in cash and securities, a rise of 24% from the end of 2020. The fair value of their private portfolio was estimated at $38.7 million. A separately managed account posted a +20.7% gross total return, leading to an expected carried interest of $2.0 million. CEO Kevin Rendino expressed optimism for the year ahead, with a future earnings report expected in May.

180 Degree Capital Corp. (NASDAQ: TURN) issued a public letter expressing dissatisfaction with Enzo Biochem, Inc.'s (ENZ) board, particularly regarding Dr. Elazar Rabbani's continued role despite shareholder disapproval. The letter criticizes the board for failing to acknowledge shareholder votes and for not holding Dr. Rabbani accountable for the company's stagnant share price, which has not improved since 1992. The CEO of 180 Degree Capital urges the board to prioritize shareholder interests by removing Dr. Rabbani and appointing a capable CEO to enhance corporate governance.