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In recent transactions reported to the Securities and Exchange Commission, Daniel B. Wolfe, the President and Director of 180 Degree Capital Corp. (NASDAQ:TURN), acquired additional shares of the company’s common stock. The purchases were made on May 8 and May 9, 2025, with Wolfe purchasing a total of 1,000 shares. The insider buying comes as the stock has shown strong momentum, with a 22.56% return over the past six months and currently trading at $4.02.
The first purchase involved 750 shares at a price of $3.9427 per share, and the second involved 250 shares at $4.1245 per share. The total value of these transactions amounted to $3,988. Following these acquisitions, Wolfe now holds 251,000 shares directly in the $40.2 million market cap company, which has reported a loss of $0.38 per share over the last twelve months.
These transactions reflect Wolfe’s continued investment in the Montclair, NJ-based firm, which specializes in managing and growing a portfolio of innovative companies. For deeper insights into TURN’s valuation and growth prospects, InvestingPro subscribers can access exclusive analysis and additional key metrics.
In other recent news, 180 Degree Capital Corp. announced a proposed all-stock merger with Mount Logan Capital Inc. The merger aims to form a new entity named Mount Logan Capital Inc., which will be listed on Nasdaq. According to the terms, 180 Degree Capital shareholders will receive shares of the new company based on 180 Degree Capital’s net asset value at closing. The valuation of Mount Logan at the time of signing is approximately $67.4 million, though this is subject to adjustments before the merger is finalized. This development is contingent upon shareholder approval and regulatory clearances. Kevin M. Rendino, CEO of 180 Degree Capital, expressed confidence in the merger’s potential to create value for shareholders. The company has noted a positive performance of its investment portfolio, outperforming the Russell Microcap Index. Shareholders are encouraged to review the definitive proxy materials for comprehensive details about the transaction.
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