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Video: What is a Stock Split?
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Blue Star Foods is an international seafood company that imports, packages and sells refrigerated pasteurized crab meat, and other seafood products. Co.'s sales is from importing blue and red swimming crab meat primarily from Indonesia, Philippines and China and distributing it in the United States, Canada and Europe under several brand names such as Blue Star, Oceanica, Pacifika, Crab & Go, First Choice, Good Stuff and Coastal Pride Fresh. Co.'s products are also sold in Mexico, Central America, the Caribbean, the European Union, the United Arab Emirates, Singapore and Hong Kong. Co. also sells its products to wholesalers, retail establishments and seafood distributors. According to our Blue Star Foods stock split history records, Blue Star Foods has had 1 split. | |
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Blue Star Foods (BSFC) has 1 split in our Blue Star Foods stock split history database. The split for BSFC took place on June 21, 2023. This was a 1 for 20 reverse split, meaning for each 20 shares of BSFC owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split.
When a company such as Blue Star Foods conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the Blue Star Foods stock split history from start to finish, an original position size of 1000 shares would have turned into 50 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Blue Star Foods shares, starting with a $10,000 purchase of BSFC, presented on a split-history-adjusted basis factoring in the complete Blue Star Foods stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
01/06/2021 |
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End date: |
04/25/2024 |
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Start price/share: |
$45.40 |
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End price/share: |
$0.06 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.86% |
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Average Annual Total Return: |
-86.33% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$14.10 |
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Years: |
3.30 |
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Date |
Ratio |
06/21/2023 | 1 for 20 |
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