Punch & Associates Investment Management Inc. Purchases 62,410 Shares of 180 Degree Capital Corp (NASDAQ:TURN)

Punch & Associates Investment Management Inc. grew its position in shares of 180 Degree Capital Corp (NASDAQ:TURN) by 13.3% during the 1st quarter, Holdings Channel reports. The firm owned 531,810 shares of the company’s stock after acquiring an additional 62,410 shares during the period. Punch & Associates Investment Management Inc.’s holdings in 180 Degree Capital were worth $989,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TURN. Legal & General Group Plc boosted its holdings in 180 Degree Capital by 17.2% during the 4th quarter. Legal & General Group Plc now owns 128,661 shares of the company’s stock valued at $226,000 after acquiring an additional 18,859 shares during the period. B. Riley Financial Inc. purchased a new stake in 180 Degree Capital during the 4th quarter valued at about $278,000. Finally, Financial Consulate Inc. boosted its holdings in 180 Degree Capital by 7.3% during the 1st quarter. Financial Consulate Inc. now owns 2,259,666 shares of the company’s stock valued at $4,203,000 after acquiring an additional 154,288 shares during the period. Hedge funds and other institutional investors own 28.53% of the company’s stock.

Shares of TURN stock opened at $1.99 on Friday. 180 Degree Capital Corp has a 1-year low of $1.72 and a 1-year high of $2.50.

In related news, Chairman Kevin Rendino bought 21,107 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average cost of $1.90 per share, for a total transaction of $40,103.30. Following the completion of the transaction, the chairman now owns 623,107 shares of the company’s stock, valued at $1,183,903.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders bought 41,002 shares of company stock valued at $77,995. 3.00% of the stock is currently owned by company insiders.

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About 180 Degree Capital

180 Degree Capital Corp. is a publicly owned investment manager. The firm manages separate client-focused equity portfolios. It invests in the public equity markets of the United States. The firm also invests in privately held portfolio companies. It primarily invests in value stocks of small cap companies.

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Institutional Ownership by Quarter for 180 Degree Capital (NASDAQ:TURN)

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