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Video: What is a Stock Split?
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Navios Maritime Holdings is a holding company. Through its subsidiaries, Co. operates a fleet of owned and bareboat-in Capesize, Panamax, Ultra Handymax and Handysize vessels and a fleet of time chartered Capesize, Panamax, Ultra Handymax and Handysize vessels that are employed to provide transportation of bulk commodities. Co. is a seaborne shipping and logistics company focused on the transport and transshipment of dry bulk commodities including iron ore, coal and grain. Co.'s subsidiary, Navios South American Logistics Inc., an infrastructure and logistics company in the Hidrovia Region of South America, operates on the cabotage trades along the south-eastern coast of South America. According to our NM stock split history records, NM has had 1 split. | |
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NM (NM) has 1 split in our NM stock split history database. The split for NM took place on January 03, 2019. This was a 1 for 10 reverse split, meaning for each 10 shares of NM 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.
When a company such as NM 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 NM stock split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NM shares, starting with a $10,000 purchase of NM, presented on a split-history-adjusted basis factoring in the complete NM stock split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/22/2014 |
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End date: |
12/13/2023 |
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Start price/share: |
$84.80 |
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End price/share: |
$2.27 |
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Starting shares: |
117.92 |
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Ending shares: |
127.64 |
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Dividends reinvested/share: |
$3.60 |
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Total return: |
-97.10% |
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Average Annual Total Return: |
-30.72% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$289.72 |
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Years: |
9.65 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/22/2014 |
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End date: |
12/13/2023 |
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Start price/share: |
$84.80 |
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End price/share: |
$2.27 |
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Dividends collected/share: |
$3.60 |
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Total return: |
-93.08% |
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Average Annual Total Return: |
-24.18% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$691.82 |
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Years: |
9.65 |
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Date |
Ratio |
01/03/2019 | 1 for 10 |
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