180 Degree Capital (TURN)

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180 Degree Capital (TURN) - 2023 Q2 - Earnings Call Presentation
2023-08-15 17:36
1 Value Creation Through Constructive Activism Q2 2023 Shareholder Update Call August 15, 2023 Safe Harbor Statement This presentation may contain statements of a forward-looking nature relating to future events. Statements contained in this presentation that are forward-looking statements are intended to be made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to the inherent uncertainties in predicting future resul ...
180 Degree Capital (TURN) - 2023 Q1 - Earnings Call Transcript
2023-05-14 15:42
Financial Data and Key Metrics Changes - The company achieved a 5.7% increase in the value of public-related securities, contributing to a 3% increase in NAV for the quarter [4] - The book value increased to $6.52, with public assets representing nearly 88% of the total book value, approximately $6 per share [4][5] Business Line Data and Key Metrics Changes - The private portfolio experienced a slight decline, with AgBiome being the only notable holding that saw no change in value [5] - The company has made significant progress towards having 100% of its portfolio in easily valued public-related securities, with nearly 90% now in liquid assets [5][6] Market Data and Key Metrics Changes - The company's public holdings outperformed the Russell Microcap Index, achieving a 5.7% positive return compared to a 2.9% decline for the index [14] - The company noted a significant discount in its stock price, trading at 67% of its book value, prompting a share buyback of over 370,000 shares [7][8] Company Strategy and Development Direction - The primary focus remains on investing in mispriced equities while also executing a $5 million share repurchase program [8] - The company aims to narrow the discount at which its stock trades relative to NAV by increasing the proportion of liquid assets in its portfolio [5][8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the turnaround in public holdings, despite ongoing challenges in the financial markets [4][7] - The company anticipates that the restructuring of its private portfolio will lead to improved performance and shareholder value in the long term [9][12] Other Important Information - The company reported regular operating expenses of approximately $910,000 for Q1 2023, an increase from $859,000 in the prior year [17] - The Board of Directors approved EisnerAmper as the independent auditor for fiscal year 2023, expected to result in cost savings [18] Q&A Session Summary - No questions were recorded during the Q&A session, indicating a lack of immediate inquiries from participants [20][22]
180 Degree Capital (TURN) - 2023 Q1 - Earnings Call Presentation
2023-05-12 19:57
Q1 2023 Performance Highlights - Stock Price decreased by 4.7% from $5.28 to $5.03[4] - NAV/Share increased by 3.2% from $6.32 to $6.52[4] - Cash + Public and Public-Related Securities increased by 5.8% from $56.8 million to $60.1 million[4] - Public portfolio net value increased by approximately $3.2 million from prior quarter[4] - Ending SMA assets decreased to $15.7 million vs $18.7 million as of end of Q4 2022[5] Portfolio Performance Details - Largest increases in public portfolio value: PBPB (+$4.3 million), ALTG (+$1.9 million), SNCR (+$1.8 million), IVAC (+$0.9 million)[4] - Largest decreases in public portfolio value: AREN (-$4.9 million), QBTS (-$0.8 million), PRBM (-$0.7 million)[4] - TARA second time-based payment to 180 ($1.1 million) initiated on March 31, 2023[4] - Public Portfolio Gross Total Return (Including SMA Carried Interest) was 5.7% in Q1 2023[22] Stock Buyback - On May 9, 2023, 373,679 shares of 180's stock were repurchased at $4.41 per share[20]
180 Degree Capital (TURN) - 2022 Q4 - Earnings Call Transcript
2023-02-28 19:24
180 Degree Capital Corp (NASDAQ:TURN) Q4 2022 Earnings Conference Call February 28, 2023 9:00 AM ET Company Participants Daniel Wolfe - President and Portfolio Manager Kevin Rendino - CEO and Portfolio Manager Conference Call Participants Adam Waldo - Lismore Partners Daniel Wolfe Good morning, and welcome to 180 Degree Capital Corp's Fourth Quarter 2022 Financial Results Update Call. This is Daniel Wolfe, President and Portfolio Manager of 180 Degree Capital. Kevin Rendino, our Chief Executive Officer and ...
180 Degree Capital (TURN) - 2022 Q2 - Earnings Call Presentation
2022-08-14 14:46
C O N F I D E N T I A L 1 Value Creation Through Constructive Activism Q2 2022 Shareholder Update Call August 9, 2022 Safe Harbor Statement C O N F I D E N T I A L This presentation may contain statements of a forward-looking nature relating to future events. Statements contained in this presentation that are forward-looking statements are intended to be made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to the in ...
180 Degree Capital (TURN) - 2022 Q2 - Earnings Call Transcript
2022-08-14 14:44
180 Degree Capital Corp (NASDAQ:TURN) Q2 2022 Earnings Conference Call August 9, 2022 9:00 AM ET Company Participants Kevin Rendino - Chief Executive Officer and Portfolio Manager Daniel Wolfe - President and Portfolio Manager Conference Call Participants Adam Waldo - Lismore Partners Daniel Wolfe Good morning, and Welcome to 180 Degree Capital Corp.Â's Second Quarter 2022 Financial Results Update Call. This is Daniel Wolfe, President and Portfolio Manager of 180 Degree Capital. Kevin Rendino, our Chief Exe ...
180 Degree Capital (TURN) - 2022 Q1 - Earnings Call Transcript
2022-05-12 19:27
180 Degree Capital Corp (NASDAQ:TURN) Q1 2022 Earnings Conference Call May 12, 2022 9:00 AM ET Company Participants Daniel Wolfe - President & Portfolio Manager Kevin Rendino - Chief Executive Officer & Portfolio Manager Conference Call Participants Adam Waldo - Lismore Partners Jonathan Freedman - Consilience Capital Daniel Wolfe Welcome to 180 Degree Capital Corp.'s First Quarter 2022 Financial Results Update Call. This is Daniel Wolfe, President and Portfolio Manager of 180 Degree Capital. Kevin Rendino, ...
180 Degree Capital (TURN) - 2022 Q1 - Earnings Call Presentation
2022-05-12 15:39
1 Value Creation Through Constructive Activism Q1 2022 Shareholder Update Call May 12, 2022 Safe Harbor Statement This presentation may contain statements of a forward-looking nature relating to future events. Statements contained in this presentation that are forward-looking statements are intended to be made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to the inherent uncertainties in predicting future results ...
180 Degree Capital (TURN) - 2021 Q4 - Earnings Call Transcript
2022-02-25 19:09
Start Time: 09:00 End Time: 09:39 January 1, 0000 ET Q4 2021 Earnings Conference Call February 25, 2022, 09:00 AM ET Company Participants Kevin Rendino - Chairman and CEO Daniel Wolfe - President, CFO and Chief Compliance Officer Conference Call Participants Adam Waldo - Lismore Partners Daniel Wolfe Welcome to 180 Degree Capital Corp.'s Fourth Quarter 2021 Financial Results Update Call. This is Daniel Wolfe, President and Portfolio Manager of 180 Degree Capital. Kevin Rendino, our Chief Executive Officer a ...
180 Degree Capital (TURN) - 2021 Q4 - Earnings Call Presentation
2022-02-25 13:55
1 Value Creation Through Constructive Activism Q Q4 2021 Shareholder Update Call February 25, 2022 Safe Harbor Statement This presentation may contain statements of a forward-looking nature relating to future events. Statements contained in this presentation that are forward-looking statements are intended to be made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to the inherent uncertainties in predicting future r ...