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Video: What is a Stock Split?
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Castor Maritime is a holding company. Through its subsidiaries, Co. is a global shipping company. Co. is a provider of worldwide seaborne transportation services for dry bulk cargo as well as crude oil and refined petroleum products. Co.'s fleet consists of dry bulk carriers and tankers. Co.'s vessels are technically managed by Pavimar S.A. According to our Castor Maritime stock split history records, Castor Maritime has had 2 splits. | |
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Castor Maritime (CTRM) has 2 splits in our Castor Maritime stock split history database. The first split for CTRM took place on May 28, 2021. This was a 1 for 10 reverse split, meaning for each 10 shares of CTRM owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split. CTRM's second split took place on March 27, 2024. This was a 1 for 10 reverse split, meaning for each 10 shares of CTRM owned pre-split, the shareholder now owned 1 share. For example, a 100 share position pre-split, became a 10 share position following the split.
When a company such as Castor Maritime 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 Castor Maritime stock split history from start to finish, an original position size of 1000 shares would have turned into 10 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Castor Maritime shares, starting with a $10,000 purchase of CTRM, presented on a split-history-adjusted basis factoring in the complete Castor Maritime stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
02/12/2019 |
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End date: |
05/03/2024 |
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Start price/share: |
$505.00 |
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End price/share: |
$3.16 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.37% |
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Average Annual Total Return: |
-62.15% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$62.62 |
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Years: |
5.22 |
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Date |
Ratio |
05/28/2021 | 1 for 10 | 03/27/2024 | 1 for 10 |
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