Published on 6 Mar 2024 on Insider Monkey via Yahoo Finance
180 Degree Capital Corp., an investment management firm, recently released its fourth quarter 2023 investor letter. A copy of the same can be downloaded here. This recession has caused investors to move their capital away from risky assets to safer ones. Despite predictions of a return to higher interest rates, the economy has not suffered any major setbacks. Instead, GDP has risen by 3.1%, wages and salaries have grown by 4.7%, real private fixed investment in manufacturing structures has reached record highs, and employment rates remain strong. In the fourth quarter of 2023, there was a positive change in the market as it believes that investors will start to take more risks, including investing in microcapitalization stocks. The Fund’s public portfolio had a gross total return of +6.9%, which was the main reason for the increase in NAV per share from $4.91 to $5.02. For more information on the fund’s top picks in 2023, please check its top five holdings.
180 Degree Capital Corp. featured stocks like ComScore, Inc. (NASDAQ:SCOR) in the fourth quarter 2023 investor letter. Based in Reston, Virginia, ComScore, Inc. (NASDAQ:SCOR) is an information and analytics company. On March 5, 2024, ComScore, Inc. (NASDAQ:SCOR) stock closed at $18.44 per share. One-month return of ComScore, Inc. (NASDAQ:SCOR) was -1.71%, and its shares lost 21.86% of their value over the last 52 weeks. ComScore, Inc. (NASDAQ:SCOR) has a market capitalization of $87.685 million.
180 Degree Capital Corp stated the following regarding ComScore, Inc. (NASDAQ:SCOR) in its fourth quarter 2023 investor letter: