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In a recent transaction, Richard P. Shanley, a director at 180 Degree Capital Corp. (NASDAQ:TURN), purchased 500 shares of the company’s common stock. The shares were acquired on May 14, 2025, at a price of $4.00 per share, totaling $2,000. Following this transaction, Shanley now holds a total of 30,575 shares directly. The stock, currently trading at $4.11, has shown strong momentum with a YTD return of 12% and is approaching its 52-week high of $4.25. This purchase reflects Shanley’s ongoing investment in the New York-based business development company, which has a market capitalization of $41.1 million. InvestingPro analysis reveals additional insights about TURN’s performance and valuation metrics, with more than 30 key indicators available to subscribers through detailed Pro Research Reports.
In other recent news, 180 Degree Capital Corp. announced a proposed all-stock merger with Mount Logan Capital Inc. The merger would result in a new entity, also named Mount Logan Capital Inc., which will be listed on Nasdaq. Shareholders of 180 Degree Capital will receive shares in the new company based on the net asset value at the time of closing. The valuation of Mount Logan is approximately $67.4 million, with potential adjustments before the deal closes. This merger is pending shareholder approval and regulatory clearances. Kevin M. Rendino, CEO of 180 Degree Capital, expressed confidence in the merger’s ability to create value for shareholders. The company has also noted a blackout period for management trading of its shares, with expectations of a trading window reopening after updated financial statements are filed. Shareholders are encouraged to review the detailed proxy materials once available for more information about the transaction.
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