180 DEGREE CAPITAL CORP. /NY/: directors' dealings · United States · SEC (Form 4)

About 180 DEGREE CAPITAL CORP. /NY/

180 Degree Capital Corp. /NY/ (ticker: TURN) is a U.S.-listed investment company traded on the NASDAQ in the United States, and it is best understood as a publicly traded special-situations vehicle rather than a traditional operating business. Headquartered in Montclair, New Jersey, the company has built its franchise around publicly listed micro- and small-cap investing, with a strong emphasis on constructive activism, value creation, and capital allocation. In practical terms, TURN seeks to identify undervalued public companies, engage with management teams and boards, and help unlock shareholder value through strategic, governance, and operational improvements. The company’s roots go back to an earlier investment platform, later repositioned under the 180 Degree Capital brand to reflect its turnaround-oriented philosophy. Its core model is internally managed, which means it does not sell industrial products or services in the conventional sense. Instead, its main “business lines” are portfolio management, fundamental research, activism, and strategic support for investee companies. That makes TURN more comparable to a niche asset manager or activist investment fund than to a normal corporate issuer. From a competitive standpoint, 180 Degree Capital operates in a crowded field that includes activist hedge funds, closed-end funds, and specialist public-equity investors focused on microcaps and event-driven opportunities. Its edge lies in its willingness to take concentrated positions, stay engaged over long holding periods, and pursue catalysts that can re-rate neglected securities. This approach can produce outsized upside when a turnaround succeeds, but it also carries meaningful volatility, liquidity risk, and portfolio concentration risk. For investors, the stock is often more sensitive to NAV developments, portfolio performance, and strategic transactions than to traditional revenue metrics. Geographically, the portfolio is primarily North America-focused, with a heavy orientation toward U.S. public equities, although the company can consider opportunities beyond that scope when attractive. Recent developments have been especially important: in 2025, 180 Degree Capital announced a proposed all-stock business combination with Mount Logan Capital Inc., a transaction that could materially change the company’s structure and operating profile if completed. The company also continued to report NAV-related data and portfolio performance updates, which remain central reference points for shareholders and analysts. For French-speaking investors in Europe, TURN is therefore a specialized finance name on the NASDAQ in the United States: a publicly traded investment platform whose value is driven by portfolio selection, activism, and corporate transactions rather than by product sales or recurring operating revenue.