 |
 Video: What is a Stock Split?
|
|
|
| Heartland Media Acquisition is a blank check company created for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. According to our HMA split history records, HMA has had 7 splits. | |
|
HMA (HMA) has 7 splits in our HMA split history database. The first split for HMA took place on April 10, 1992. This was a 3 for 2
split, meaning for each 2
shares of HMA owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. HMA's second split took place on November 04, 1993. This was a 3 for 2
split, meaning for each 2
shares of HMA owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. HMA's third split took place on June 20, 1994. This was a 3 for 2
split, meaning for each 2
shares of HMA owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split. HMA's 4th split took place on October 23, 1995. This was a 3 for 2
split, meaning for each 2
shares of HMA owned pre-split, the shareholder now owned 3 shares. For example, a 3375 share position pre-split, became a 5062.5 share position following the split. HMA's 5th split took place on June 17, 1996. This was a 3 for 2
split, meaning for each 2
shares of HMA owned pre-split, the shareholder now owned 3 shares. For example, a 5062.5 share position pre-split, became a 7593.75 share position following the split. HMA's 6th split took place on October 24, 1997. This was a 3 for 2
split, meaning for each 2
shares of HMA owned pre-split, the shareholder now owned 3 shares. For example, a 7593.75 share position pre-split, became a 11390.625 share position following the split. HMA's 7th split took place on July 20, 1998. This was a 3 for 2
split, meaning for each 2
shares of HMA owned pre-split, the shareholder now owned 3 shares. For example, a 11390.625 share position pre-split, became a 17085.9375 share position following the split.
When a company such as HMA splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the HMA split history from start to finish, an original position size of 1000 shares would have turned into 17085.9375 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into HMA shares, starting with a $10,000 purchase of HMA, presented on a split-history-adjusted basis factoring in the complete HMA split history.
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
03/15/2022 |
|
| End date: |
07/25/2023 |
|
| Start price/share: |
$9.85 |
|
| End price/share: |
$10.54 |
|
| Dividends collected/share: |
$0.00 |
|
| Total return: |
7.01% |
|
| Average Annual Total Return: |
5.10% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$10,700.77 |
|
| Years: |
1.36 |
|
|
|
| Date |
Ratio |
| 04/10/1992 | 3 for 2
| | 11/04/1993 | 3 for 2
| | 06/20/1994 | 3 for 2
| | 10/23/1995 | 3 for 2
| | 06/17/1996 | 3 for 2
| | 10/24/1997 | 3 for 2
| | 07/20/1998 | 3 for 2
|
|
|
