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Video: What is a Stock Split?
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Gladstone Capital is an externally managed, closed-end, non-diversified management investment company. Co.'s investment objectives are to achieve and grow existing income by investing in debt securities of lower middle market companies (define as companies with annual earnings before interest, taxes, depreciation and amortization of $3,000,000 to $15,000,000) in the U.S.; and provides its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, in connection with its debt investments. According to our Gladstone Capital stock split history records, Gladstone Capital has had 1 split. | |
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Gladstone Capital (GLAD) has 1 split in our Gladstone Capital stock split history database. The split for GLAD took place on April 05, 2024. This was a 1 for 2 reverse split, meaning for each 2 shares of GLAD owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 500 share position following the split.
When a company such as Gladstone Capital 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 Gladstone Capital stock split history from start to finish, an original position size of 1000 shares would have turned into 500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Gladstone Capital shares, starting with a $10,000 purchase of GLAD, presented on a split-history-adjusted basis factoring in the complete Gladstone Capital stock split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
05/06/2014 |
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End date: |
05/02/2024 |
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Start price/share: |
$19.00 |
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End price/share: |
$21.24 |
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Starting shares: |
526.32 |
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Ending shares: |
1,331.16 |
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Dividends reinvested/share: |
$16.93 |
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Total return: |
182.74% |
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Average Annual Total Return: |
10.96% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$28,283.99 |
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Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
05/06/2014 |
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End date: |
05/02/2024 |
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Start price/share: |
$19.00 |
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End price/share: |
$21.24 |
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Dividends collected/share: |
$16.93 |
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Total return: |
100.87% |
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Average Annual Total Return: |
7.23% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$20,094.63 |
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Years: |
10.00 |
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Date |
Ratio |
04/05/2024 | 1 for 2 |
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