Principal Street Partners LLC Boosts Holdings in 180 Degree Capital Corp. (NASDAQ:TURN)

Principal Street Partners LLC increased its holdings in 180 Degree Capital Corp. (NASDAQ:TURN) by 77.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 24,050 shares of the company’s stock after acquiring an additional 10,500 shares during the quarter. Principal Street Partners LLC’s holdings in 180 Degree Capital were worth $88,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. One Day In July LLC purchased a new position in shares of 180 Degree Capital in the fourth quarter worth approximately $39,000. Yakira Capital Management Inc. purchased a new position in shares of 180 Degree Capital in the fourth quarter worth approximately $203,000. Raffles Associates LP boosted its holdings in shares of 180 Degree Capital by 8.3% in the fourth quarter. Raffles Associates LP now owns 321,724 shares of the company’s stock worth $1,181,000 after buying an additional 24,631 shares during the last quarter. Finally, StoneX Group Inc. purchased a new position in shares of 180 Degree Capital in the fourth quarter worth approximately $44,000. Hedge funds and other institutional investors own 19.78% of the company’s stock.

180 Degree Capital Stock Down 1.9%

Shares of NASDAQ:TURN opened at $4.04 on Wednesday. 180 Degree Capital Corp. has a 1-year low of $3.12 and a 1-year high of $4.25. The firm’s 50 day simple moving average is $3.86 and its two-hundred day simple moving average is $3.77.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of 180 Degree Capital in a report on Saturday, May 10th.

About 180 Degree Capital

180 Degree Capital Corp. is a publicly owned corporate pension plan sponsor. It primarily provides its services to pension and profit sharing plans. The firm is a large advisory firm which provides portfolio management for pooled investment vehicles, pension consulting services. It manages separate client focused equity and balanced funds.