Shufro Rose & Co. LLC Makes New $200,000 Investment in 180 Degree Capital Corp. (NASDAQ:TURN)


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Shufro Rose & Co. LLC purchased a new stake in shares of 180 Degree Capital Corp. (NASDAQ:TURN) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,001 shares of the company’s stock, valued at approximately $200,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Morgan Stanley lifted its stake in shares of 180 Degree Capital by 9.0% during the third quarter. Morgan Stanley now owns 417,033 shares of the company’s stock valued at $788,000 after acquiring an additional 34,308 shares during the period. Ancora Advisors LLC lifted its stake in shares of 180 Degree Capital by 9.2% during the fourth quarter. Ancora Advisors LLC now owns 448,436 shares of the company’s stock valued at $996,000 after acquiring an additional 37,950 shares during the period. Financial Consulate Inc. acquired a new position in shares of 180 Degree Capital during the first quarter valued at $4,823,000. Punch & Associates Investment Management Inc. lifted its stake in shares of 180 Degree Capital by 2.1% during the fourth quarter. Punch & Associates Investment Management Inc. now owns 1,961,095 shares of the company’s stock valued at $4,354,000 after acquiring an additional 40,400 shares during the period. Finally, Ariel Investments LLC lifted its stake in shares of 180 Degree Capital by 0.9% during the fourth quarter. Ariel Investments LLC now owns 2,317,898 shares of the company’s stock valued at $5,146,000 after acquiring an additional 20,735 shares during the period. 32.66% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Kevin Rendino bought 11,278 shares of the business’s stock in a transaction on Monday, March 1st. The shares were purchased at an average price of $7.40 per share, with a total value of $83,457.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert E. Bigelow III bought 5,000 shares of the business’s stock in a transaction on Monday, March 15th. The stock was bought at an average cost of $7.35 per share, for a total transaction of $36,750.00. Following the purchase, the vice president now directly owns 89,316 shares of the company’s stock, valued at approximately $656,472.60. The disclosure for this purchase can be found here. Insiders have bought 39,340 shares of company stock worth $289,242 in the last ninety days. 4.10% of the stock is currently owned by insiders.

Shares of TURN opened at $7.28 on Tuesday. 180 Degree Capital Corp. has a 12-month low of $3.90 and a 12-month high of $8.07. The stock’s fifty day simple moving average is $7.33 and its 200-day simple moving average is $6.45.

180 Degree Capital Profile

180 Degree Capital Corp. is a principal investment firm. It is focused on investing in and providing value-added assistance through constructive activism to companies that are substantially undervalued, small, and publicly traded. It typically focuses on less than $250 million market capitalization (microcap) public companies in the United States.

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Institutional Ownership by Quarter for 180 Degree Capital (NASDAQ:TURN)

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