MONTCLAIR, N.J., Nov. 14, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180 Degree Capital" and the "Company"), today reported its financial results as of September 30, 2024, and noted additional developments from the fourth quarter of 2024. The Company also published a letter to shareholders that can be viewed at https://ir.180degreecapital.com/financial-results. "While the first three quarters of 2024 have proven challenging for small and microcapitalization stocks on a relative basis and our holdings on an absolute basis, we believe that we are at an inflection point in the cycle where interest is returning to our investment universe, particularly for companies that

MONTCLAIR, N.J., Nov. 04, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. ("180 Degree Capital") (NASDAQ:TURN), noted today that the average discount between its estimated daily net asset value per share ("NAV") and its daily closing stock price during October 2024 and year-to-date through the end of October 2024, were approximately 20% and 20%, respectively.1 This discount was approximately 15% on October 30, 2024. As previously disclosed in a press release on November 13, 2023, 180 Degree Capital's Board of Directors (the "Board") has set two measurement periods of 1) January 1, 2024 to December 31, 2024, and 2) January 1, 2025 to June 30, 2025, in which it will evaluate the ave

MONTCLAIR, N.J., Oct. 24, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180 Degree Capital") noted today that it expects to report a net asset value per share (NAV) of $4.40 as of September 30, 2024. It plans to report and discuss its full results from Q3 2024 and updates from Q4 2024 on a conference call that it plans to schedule for a day during the week of November 11, 2024. "While we look forward to issuing our full results for Q3 2024 in a few weeks, we thought it was important to provide a preliminary view to our NAV as of the end of Q3 2024," said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital. "Our view is that 180 Degree Capital's current sh

MONTCLAIR, N.J., Oct. 01, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. ("180 Degree Capital") (NASDAQ:TURN), noted today that the average discount between its estimated daily net asset value per share ("NAV") and its daily closing stock price during September 2024 and year-to-date through the end of September 2024, were approximately 21% and 20%, respectively.1 This discount was approximately 24% on September 30, 2024. As previously disclosed in a press release on November 13, 2023, 180 Degree Capital's Board of Directors (the "Board") has set two measurement periods of 1) January 1, 2024 to December 31, 2024, and 2) January 1, 2025 to June 30, 2025, in which it will evaluate the

MONTCLAIR, N.J., Sept. 03, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. ("180 Degree Capital") (NASDAQ:TURN), noted today that the average discount between its estimated daily net asset value per share ("NAV") and its daily closing stock price during August 2024 and year-to-date through the end of August 2024, were approximately 21% and 19%, respectively.1 This discount was approximately 25% on August 30, 2024, the last day of trading in the month. As previously disclosed in a press release on November 13, 2023, 180 Degree Capital's Board of Directors (the "Board") has set two measurement periods of 1) January 1, 2024 to December 31, 2024, and 2) January 1, 2025 to June 30, 2025, in

MONTCLAIR, N.J., Aug. 19, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180 Degree Capital" and the "Company"), today reported its financial results as of June 30, 2024, and noted additional developments from the third quarter of 2024. The Company also published a letter to shareholders that can be viewed at https://ir.180degreecapital.com/financial-results. "Our portfolio holdings were not immune to the market turmoil that resumed in Q2 2024, particularly for small and microcapitalization stocks," said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital. "Capital continues to flow out of small and microcapitalization stocks and into a small number of large

MONTCLAIR, N.J., Aug. 12, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180 Degree Capital") will announce its second quarter 2024 financial results on Monday, August 19, 2024, shortly after the close of the public markets. It will host a conference call on Tuesday, August 20, 2024, at 9am Eastern Time to discuss these results and updates from Q3 2024.   This call will be hosted by Kevin M. Rendino and Daniel B. Wolfe, 180 Degree Capital's Chief Executive Officer and President, respectively. "I would like to thank Daniel and the 180 Degree Capital Board for their leadership and everyone for their concern and well wishes over the last couple of weeks," said Mr. Rendino.

MONTCLAIR, N.J., Aug. 12, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180 Degree Capital") today noted its cooperation agreement with Lantronix, Inc. ("LTRX"), to include Narbeh Derhacobian and Kevin Palatnik as director nominees (the "Nominees") at LTRX's upcoming 2024 Annual Meeting of Stockholders. "As long-time, supportive investors in LTRX, we would like to thank Saleel Awsare, LTRX's Chief Executive Officer, and LTRX's board of directors for constructive engagement over the past months that led to today's announcement of the Agreement," said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital. "We call ourselves constructive activists for exactly

MONTCLAIR, N.J., Aug. 01, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. ("180 Degree Capital") (NASDAQ:TURN), noted today that the average discount between its estimated daily net asset value per share ("NAV") and its daily closing stock price during July 2024 and year-to-date through the end of July 2024, were approximately 20% and 19%, respectively.1 This discount was approximately 24% on July 31, 2024. As previously disclosed in a press release on November 13, 2023, 180 Degree Capital's Board of Directors has set two measurement periods of 1) January 1, 2024 to December 31, 2024, and 2) January 1, 2025 to June 30, 2025, in which it will evaluate the average discount between TURN's

MONTCLAIR, N.J., July 24, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180 Degree Capital", "our", "us", and "we") today announced that its Chief Executive Officer and Co-Portfolio Manager, Kevin M. Rendino, was involved in an accident and is currently receiving treatment for his injuries. His doctors have informed us that he is responding well to treatments and his current recovery prognosis is positive. Our thoughts are with him and his family. We will provide updates as more information becomes available. 180 Degree Capital also affirms that its business operations remain in full force and are continuing as usual under the management of Daniel B. Wolfe, 180 Degree C

MONTCLAIR, N.J., July 01, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180 Degree Capital") noted today the announcement by its portfolio company, Synchronoss Technologies, Inc. (SNCR), that SNCR has opportunistically retired at discounted prices its outstanding Series B Preferred Stock and $19.7 million of its outstanding 8.375% Senior Notes due 2026 ("Senior Notes") funded by a new $75.0 million term loan with alternative credit manager, AS Birch Grove. SNCR reported that the combined transactions are expected to result in a $7.3 million improvement to its capital structure plus approximately $10.6 million in pre-tax cost savings. The announcement can be viewed at ht

MONTCLAIR, N.J., June 18, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180 Degree Capital", "we" and "us") today congratulated Matt McLaughlin on his election to the Board of Directors of comScore, Inc. ("SCOR"). 180 Degree Capital originally nominated Matt to SCOR's Board based on his deep background and experience in the adtech and measurement industries having served as Chief Operating Officer of DoubleVerify Holdings, Inc. We believe Matt will bring fresh perspectives, improved corporate governance, and more importantly, a renewed sense of purpose and drive to make crucial decisions that have thus far been severely lacking on SCOR's Board. For over two years we ha

MONTCLAIR, N.J., March 01, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. ("180 Degree Capital") (NASDAQ:TURN), noted today that the average discount between its estimated daily net asset value per share ("NAV") and its daily closing stock price during February 2024 and year-to-date through the end of February 2024, were approximately 25% and 23%, respectively.1 This discount was approximately 24% on February 29, 2024. As previously disclosed in a press release on November 13, 2023, 180 Degree Capital's Board of Directors has set two measurement periods of 1) January 1, 2024, to December 31, 2024, and 2) January 1, 2025, to June 30, 2025, in which it will evaluate the average discoun

MONTCLAIR, N.J., Dec. 05, 2023 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180" and the "Company"), today noted the appointment of its Chairman and Chief Executive Officer, Kevin M. Rendino, to the Board of Directors of Synchronoss Technologies, Inc. ("SNCR"), a portfolio holding of 180. "As participant in the recapitalization of SNCR in 2021, we have had the opportunity to be a passive stockholder, while building relationships with the Board and management team at SNCR as they worked to transform the business following the recapitalization transaction in 2021," said Mr. Rendino. "Our original investment thesis was that SNCR's cloud business was deeply undervalued by the

MONTCLAIR, N.J., May 31, 2023 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180") today disclosed that it has voted its approximately 6% of outstanding common stock as follows on the proposals included in the proxy statement for the 2023 Annual Meeting of Stockholders for Comscore, Inc. ("SCOR"): to elect Nana Banerjee, David Kline, Kathi Love and Brian Wendling as Class I directors to serve for terms expiring at SCOR's 2026 annual meeting of stockholders, to hold office until their respective successors have been duly elected and qualified;180 WITHHELD votes for all nominated directors to emphasize its position that SCOR's Board has not taken action for the benefit of all

180 demands resignation of Brent Rosenthal from the SCOR's Board of Directors to be replaced by a director with a track record of success in capital markets and who will defend common shareholder rights, and absent resignation demands immediate removal as Lead Independent Director.180 seeks further reduction in board fees, a reduction in the size of SCOR's Board, and shifting of board fees by representatives appointed by the Preferred Stockholders. 180 believes that SCOR's Board compensation after recent changes remains egregious. 180 requests transparency on processes that SCOR's Board will use if a special dividend is called. Puts SCOR's Directors on notice regarding their fiduciary duty t

MONTCLAIR, N.J., May 25, 2022 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180" and the "Company"), today issued the following open letter to the Board of Directors and Preferred Stockholders of Comscore, Inc. ("SCOR"). Board of Directors and Preferred Stockholders of Comscore, Inc., As a follow up to our public letter from May 17, 2022, and our past private letters, we thought it would be useful to specify the actions we request the Board and Preferred Stockholders take to reverse the destruction of value to common stockholders. To be clear, the silence from the Board following our latest letter only serves to reinforce our view that you are not interested in the vie

Companies Reporting Before The Bell • Barclays (NYSE:BCS) is likely to report quarterly earnings at $0.36 per share on revenue of $7.38 billion. • Fresenius Medical Care (NYSE:FMS) is projected to report quarterly earnings at $0.32 per share on revenue of $5.35 billion. • NexPoint Residential (NYSE:NXRT) is projected to report earnings for its fourth quarter. • Summit Therapeutics (NASDAQ:SMMT) is likely to report earnings for its fourth quarter. • Axsome Therapeutics (NASDAQ:AXSM) is projected to report quarterly loss at $1.15 per share on revenue of $67.69 million. • Gran Tierra Energy (AMEX:GTE) is expected to report quarterly loss at $0.13 per share on revenue of $60 thousand. • O

The Dow Jones closed higher by over 80 points on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga's insider transactions platform. 180 Degree Capital The Trade: 180 Degree Capital Corp. (NASDAQ:TURN) Treasurer, Secretary Alicia M Gift acquired a total of 1,000 shares an average price of $3.80. To acquire these shares, it cost around $3,800. What’s Happening: 180 Degree Capital rec

Companies Reporting Before The Bell • Sohu.com (NASDAQ:SOHU) is expected to report earnings for its third quarter. • Dixie Gr (NASDAQ:DXYN) is estimated to report earnings for its third quarter. • IM Cannabis (NASDAQ:IMCC) is estimated to report quarterly loss at $0.21 per share on revenue of $13.30 million. • Kamada (NASDAQ:KMDA) is expected to report earnings for its third quarter. • Broadwind (NASDAQ:BWEN) is projected to report quarterly earnings at $0.08 per share on revenue of $58.22 million. • Moleculin Biotech (NASDAQ:MBRX) is likely to report earnings for its third quarter. • Modiv Industrial (NYSE:MDV) is likely to report earnings for its third quarter. • Roivant Sciences (

Net Asset Value Per Share Has Increased from the End of Q2 2023 Driven by Appreciation in Value of Liquid Public Securities1 Portfolio Is Focused on Core Positions That We Continue to Believe Have the Potential to Appreciate Materially Based on Identified Catalysts MONTCLAIR, N.J., July 20, 2023 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180" and the "Company"), today reported preliminary results as of June 30, 2023. "We decided to pre-announce our net asset value per share ("NAV") for Q2 2023 due primarily to the weakness in TURN's stock and the disconnect between share price and NAV," said Kevin M. Rendino, Chief Executive Officer of 180. "While we are frustrated wi

 180 Degree Capital Corp. (NASDAQ:TURN) ("180") noted today that it repurchased 373,679 shares of its common stock at a price per share of $4.41.1   "In prior shareholder calls, we have discussed the high bar for use of 180's permanent capital to buy back its own stock or to issue dividends," said Kevin M. Rendino, Chief Executive Officer of 180. "When we invest shareholder capital in a new portfolio company, we must believe, if our investment thesis comes to fruition, there is at least 100 percent upside within 3 years. Once we use permanent capital to buy back stock, recycling that cash is no longer possible, and therefore, the hurdle rate for executing a buyback is high. Following our po

180 demands resignation of Brent Rosenthal from the SCOR's Board of Directors to be replaced by a director with a track record of success in capital markets and who will defend common shareholder rights, and absent resignation demands immediate removal as Lead Independent Director.   180 seeks further reduction in board fees, a reduction in the size of SCOR's Board, and shifting of board fees by representatives appointed by the Preferred Stockholders. 180 believes that SCOR's Board compensation after recent changes remains egregious. 180 requests transparency on processes that SCOR's Board will use if a special dividend is called. Puts SCOR's Directors on notice regarding their fiduciar

Companies Reporting Before The Bell • Kosmos Energy (NYSE:KOS) is projected to report quarterly earnings at $0.14 per share on revenue of $505.61 million. • Alcon (NYSE:ALC) is expected to report quarterly earnings at $0.88 per share on revenue of $205.25 million. • Itron (NASDAQ:ITRI) is estimated to report quarterly earnings at $0.09 per share on revenue of $433.64 million. • Fisker (NYSE:FSR) is expected to report quarterly loss at $0.42 per share on revenue of $2.51 million. • BGC Partners (NASDAQ:BGCP) is likely to report quarterly earnings at $0.16 per share on revenue of $422.99 million. • Tegna (NYSE:TGNA) is likely to report quarterly earnings at $1.13 per share on revenue of

180 Degree Capital Corp. (NASDAQ:TURN) ("180" and the "Company"), today reported its financial results as of September 30, 2022, and additional developments from the fourth quarter of 2022. The Company also published a letter to shareholders that can be viewed at https://ir.180degreecapital.com/financial-results.   "While our performance in Q3 2022 improved relative to Q2 2022, the overall market and our holdings continue to be pressured by the same themes that have been the only focus of investors," said Kevin M. Rendino, Chief Executive Officer of 180. "We ended the quarter with an NAV decline of 3.0% and a gross total return in our public and related portfolio of -2.9%. When we started,

Companies Reporting Before The Bell • NAPCO Security Techs (NASDAQ:NSSC) is expected to report quarterly earnings at $0.13 per share on revenue of $36.34 million. • Eagle Pharmaceuticals (NASDAQ:EGRX) is estimated to report quarterly earnings at $0.91 per share on revenue of $62.08 million. • Ballard Power Systems (NASDAQ:BLDP) is likely to report quarterly loss at $0.06 per share on revenue of $26.46 million. • NiSource (NYSE:NI) is expected to report quarterly earnings at $0.11 per share on revenue of $1.03 billion. • SemiLEDs (NASDAQ:LEDS) is expected to report earnings for its fourth quarter. • Concert Pharma (NASDAQ:CNCE) is likely to report earnings for its third quarter. • NRG