180 Degree Capital Corp (NASDAQ:TURN) President Daniel B. Wolfe bought 5,834 shares of the company’s stock in a transaction on Wednesday, March 7th. The stock was purchased at an average price of $1.92 per share, with a total value of $11,201.28. Following the completion of the transaction, the president now directly owns 220,000 shares of the company’s stock, valued at approximately $422,400. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
180 Degree Capital Corp (TURN) traded down $0.09 during trading on Friday, reaching $1.95. The company’s stock had a trading volume of 60,270 shares, compared to its average volume of 67,411. The company has a market capitalization of $63.33, a P/E ratio of -3.68 and a beta of 0.52. 180 Degree Capital Corp has a 1 year low of $1.18 and a 1 year high of $2.45.
An institutional investor recently raised its position in 180 Degree Capital stock. Financial Consulate Inc. raised its position in 180 Degree Capital Corp (NASDAQ:TURN) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,632,744 shares of the company’s stock after purchasing an additional 46,383 shares during the quarter. 180 Degree Capital accounts for about 1.6% of Financial Consulate Inc.’s holdings, making the stock its 15th biggest holding. Financial Consulate Inc. owned about 5.25% of 180 Degree Capital worth $3,217,000 at the end of the most recent reporting period. 33.91% of the stock is owned by institutional investors.
180 Degree Capital Corp., formerly Harris & Harris Group, Inc, is a non-diversified management investment company operating as a business development company. The Company’s investment objective is to achieve long-term capital appreciation by making venture capital investments. The Company specializes in making investments in companies commercializing and integrating products enabled by disruptive technologies mainly in the life sciences industry.
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