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 Video: What is a Stock Split?
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| Associated Capital Group provides alternative investment management services and operates a direct investment business that invests in businesses. Co. conducts its investment management activities through its wholly-owned subsidiary, Gabelli & Company Investment Advisers, Inc. (GCIA), and its wholly-owned subsidiary, Gabelli & Partners, LLC (Gabelli & Partners). GCIA and Gabelli & Partners together serve as general partners or investment managers to investment funds including limited partnerships and offshore companies, and separate accounts. Co. primarily manages assets across a range of risk and event arbitrage portfolios and in equity event-driven value strategies. According to our AC split history records, Associated Capital Group has had 3 splits. | |
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Associated Capital Group (AC) has 3 splits in our AC split history database. The first split for AC took place on March 16, 1993. This was a 2 for 1
split, meaning for each share of AC owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. AC's second split took place on April 03, 1998. This was a 2 for 1
split, meaning for each share of AC owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. AC's third split took place on July 29, 2020. This was a 1005 for 1000 split, meaning for each 1000 shares of AC owned pre-split, the shareholder now owned 1005 shares. For example, a 4000 share position pre-split, became a 4020 share position following the split.
When a company such as Associated Capital Group 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 AC split history from start to finish, an original position size of 1000 shares would have turned into 4020 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Associated Capital Group shares, starting with a $10,000 purchase of AC, presented on a split-history-adjusted basis factoring in the complete AC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
11/16/2015 |
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| End date: |
10/04/2024 |
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| Start price/share: |
$26.67 |
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| End price/share: |
$35.65 |
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| Starting shares: |
374.95 |
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| Ending shares: |
393.20 |
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| Dividends reinvested/share: |
$1.70 |
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| Total return: |
40.18% |
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| Average Annual Total Return: |
3.87% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,013.90 |
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| Years: |
8.89 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
11/16/2015 |
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| End date: |
10/04/2024 |
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| Start price/share: |
$26.67 |
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| End price/share: |
$35.65 |
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| Dividends collected/share: |
$1.70 |
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| Total return: |
40.03% |
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| Average Annual Total Return: |
3.86% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,001.91 |
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| Years: |
8.89 |
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| Date |
Ratio |
| 03/16/1993 | 2 for 1
| | 04/03/1998 | 2 for 1
| | 07/29/2020 | 1005 for 1000 |
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