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MONTCLAIR, NJ—Robert E. Bigelow III, Vice President and Head of Fund Development at 180 Degree Capital Corp. (NASDAQ:TURN), recently acquired 2,500 shares of the company’s common stock. The purchase, made on May 13, 2025, was executed at a price of $3.98 per share, totaling approximately $9,950. The stock has since risen to $4.11, trading near its 52-week high of $4.25, according to InvestingPro data.
Following this transaction, Bigelow’s direct ownership in 180 Degree Capital stands at 127,505 shares. This acquisition reflects an ongoing commitment by company executives to invest in the firm’s future, particularly notable given the company’s strong performance with a 23.42% return over the past six months. InvestingPro analysis reveals additional insights about TURN’s valuation and performance metrics in its comprehensive Pro Research Report, available to subscribers.
In other recent news, 180 Degree Capital Corp. has announced a proposed all-stock merger with Mount Logan Capital Inc. The merger, which requires shareholder approval and regulatory clearances, would result in the creation of a new entity named Mount Logan Capital Inc., to 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 was approximately $67.4 million at the time of signing, with potential adjustments before the deal closes. Kevin M. Rendino, CEO of 180 Degree Capital, expressed confidence in the merger’s ability to create shareholder value. The transaction has undergone a thorough review process by the company’s Special Committee of the Board of Directors. Daniel B. Wolfe, President of 180 Degree Capital, noted the firm’s investment portfolio has outperformed the Russell Microcap Index, thanks to strategic asset sales and robust operating metrics. A blackout period for management trading of 180 Degree Capital shares is in place, with expectations of a trading window reopening following the filing of updated financial statements.
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