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 it believes are substantially undervalued small, publicly traded companies that have potential for significant turnarounds. Its goal is that the result of its constructive activism leads to a reversal in direction for the share price of these investee companies, i.e., a 180-degree turn.
Company profile
Ticker
TURN
Exchange
Website
CEO
Kevin Rendino
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
HARRIS & HARRIS GROUP INC /NY/
SEC CIK
Corporate docs
IRS number
133119827
SEC advisor number
801-118785
FINRA CRD number
309142
AUM ?
$85.46 mm
(as of 29 Mar 23)
Accounts
3
(as of 29 Mar 23)
Employees
5
(3 investment advisory or research)
Address
180 Degree Capital
7 N. WILLOW STREET
SUITE 4B
MONTCLAIR
NJ 07042
7 N. WILLOW STREET
SUITE 4B
MONTCLAIR
NJ 07042
Phone
973-746-4500
Brochures
TURN stock data
Latest filings (excl ownership)
DEF 14A
Definitive proxy
23 Mar 23
N-CEN
Annual report (registered investment company)
27 Feb 23
N-CSR
Certified annual shareholder report (management investment company)
27 Feb 23
N-PX
Annual report of proxy voting record
19 Aug 22
N-CSRS
Certified semi-annual shareholder report (management investment company)
8 Aug 22
DEF 14A
Definitive proxy
2 Mar 22
N-CEN
Annual report (registered investment company)
24 Feb 22
N-CSR
Certified annual shareholder report (management investment company)
24 Feb 22
N-PX
Annual report of proxy voting record
16 Aug 21
N-CSRS
Certified semi-annual shareholder report (management investment company)
10 Aug 21
Transcripts
TURN
Earnings call transcript
2022 Q4
28 Feb 23
TURN
Earnings call transcript
2022 Q2
14 Aug 22
TURN
Earnings call transcript
2022 Q1
12 May 22
TURN
Earnings call transcript
2021 Q2
11 Aug 21
TURN
Earnings call transcript
2021 Q1
12 May 21
TURN
Earnings call transcript
2020 Q4
23 Feb 21
TURN
Earnings call transcript
2020 Q3
19 Nov 20
Institutional ownership, Q4 2022
59.8% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 17 |
| Opened positions | 3 |
| Closed positions | 2 |
| Increased positions | 3 |
| Reduced positions | 5 |
| 13F shares | Current |
|---|---|
| Total value | 9.32 bn |
| Total shares | 2.33 mm |
| Total puts | 0.00 |
| Total calls | 108.10 k |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Punch & Associates Investment Management | 710.45 k | $3.75 bn |
| Greenwich Investment Management | 568.37 k | $3.00 mm |
| Financial Consulate | 508.19 k | $2.68 bn |
| Raffles Associates | 244.27 k | $1.29 bn |
| MS Morgan Stanley | 135.56 k | $715.76 mm |
| Shufro Rose & Co | 77.00 k | $406.57 mm |
| Cerity Partners | 40.93 k | $216.13 mm |
| Susquehanna International | 20.09 k | $105.68 mm |
| National Asset Management | 11.00 k | $58.08 mm |
| BAC Bank Of America | 8.33 k | $44.00 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 29 Mar 23 | Kevin Rendino | Common Stock | Buy | Acquire P | No | No | 4.98 | 2,053 | 10.22 k | 639,956 |
| 27 Mar 23 | Kevin Rendino | Common Stock | Buy | Acquire P | No | No | 5 | 895 | 4.48 k | 637,903 |
| 20 Mar 23 | Kevin Rendino | Common Stock | Buy | Acquire P | No | No | 5 | 637 | 3.19 k | 637,008 |
| 15 Mar 23 | Kevin Rendino | Common Stock | Buy | Acquire P | No | No | 4.97 | 4,469 | 22.21 k | 636,371 |
| 10 Mar 23 | Daniel B Wolfe | Common Stock | Buy | Acquire P | No | No | 5.15 | 250 | 1.29 k | 223,250 |
Press releases
180 Degree Capital Corp. Issues Public Letter to Employees and Common Stockholders of Comscore, Inc.
6 Mar 23
180 Degree Capital Corp. Notes $7.08 Approximate NAV, or an Increase of 12.0%, as of February 23, 2023, Resulting From a +14.8% Gross Total Return of Its Public Portfolio
27 Feb 23
180 Degree Capital Corp. Reports Q4 2022 Results and Takes Necessary Steps to Achieve Full Business Transformation
27 Feb 23