180 Degree Capital reports Q3 NAV per share $4.40

“While the first three quarters of 2024 have proven challenging for small and microcapitalization stocks on a relative basis and our holdings on an absolute basis, we believe that we are at an inflection point in the cycle where interest is returning to our investment universe, particularly for companies that are performing,” said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital (TURN). “We continue to believe there is significant opportunity going forward for small capitalization stocks, particularly given the backdrop of their historically low valuations in general and relative to large capitalization stocks. I have seen this play out time and time again during my 35+ years of experience through these types of investment cycles. While it is always possible this time is different, recent market trends have similar characteristics to those that, upon reflection, turn out to be market bottoms heightened by excess pessimism that can be followed by periods of strong growth.”