180 Degree Capital Corp. (NASDAQ:TURN) President Acquires $37,260.00 in Stock

180 Degree Capital Corp. (NASDAQ:TURN – Get Rating) President Daniel B. Wolfe bought 6,000 shares of the business’s stock in a transaction on Tuesday, May 17th. The stock was purchased at an average price of $6.21 per share, with a total value of $37,260.00. Following the completion of the transaction, the president now directly owns 192,500 shares of the company’s stock, valued at $1,195,425. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

TURN traded up $0.03 during trading on Wednesday, reaching $6.21. The stock had a trading volume of 17,750 shares, compared to its average volume of 13,691. 180 Degree Capital Corp. has a 1-year low of $6.01 and a 1-year high of $8.35. The stock has a 50 day moving average of $6.59 and a two-hundred day moving average of $7.03.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TURN. Morgan Stanley lifted its position in 180 Degree Capital by 8.9% in the second quarter. Morgan Stanley now owns 155,911 shares of the company’s stock worth $1,256,000 after purchasing an additional 12,700 shares during the period. B. Riley Wealth Management Inc. acquired a new stake in 180 Degree Capital in the third quarter worth approximately $98,000. Millennium Management LLC acquired a new stake in 180 Degree Capital in the third quarter worth approximately $99,000. Bank of America Corp DE lifted its position in 180 Degree Capital by 21.0% in the fourth quarter. Bank of America Corp DE now owns 23,012 shares of the company’s stock worth $169,000 after purchasing an additional 4,000 shares during the period. Finally, Greenwich Investment Management Inc. acquired a new stake in 180 Degree Capital in the fourth quarter worth approximately $4,441,000. Hedge funds and other institutional investors own 25.23% of the company’s stock.

180 Degree Capital Company Profile (Get Rating)

180 Degree Capital Corp. is a is a publicly owned hedge fund sponsor. The firm provides its services to pooled investment vehicles and pension and profit sharing plans. It also manages separate client-focused equity portfolios. The firm invests in public equity markets. It primarily invests in deep value stocks of small cap companies.

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