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 Video: What is a Stock Split?
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| Asta Funding is engaged in several business segments in the financial services industry including servicing of personal injury claims, through its wholly owned subsidiaries Sylvave LLC, Simia Capital, LLC and Arthur Funding LLC, social security disability advocacy through its wholly owned subsidiaries GAR Disability Advocates, LLC and Five Star Veterans Disability, LLC, and the business of purchasing, managing for its own account and servicing distressed charged off consumer receivables, including charged off receivables, and semi-performing receivables. Co. operates principally in the following segments: consumer receivables, social security disability advocacy and personal injury claims. According to our ASFI split history records, Asta Funding has had 1 split. |
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Asta Funding (ASFI) has 1 split in our ASFI split history database. The split for ASFI took place on March 24, 2004. This was a 2 for 1 split, meaning for each share of ASFI 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.
When a company such as Asta Funding 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 ASFI split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Asta Funding shares, starting with a $10,000 purchase of ASFI, presented on a split-history-adjusted basis factoring in the complete ASFI split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
05/24/2010 |
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| End date: |
05/22/2020 |
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| Start price/share: |
$9.01 |
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| End price/share: |
$12.43 |
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| Starting shares: |
1,109.88 |
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| Ending shares: |
2,398.79 |
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| Dividends reinvested/share: |
$5.58 |
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| Total return: |
198.17% |
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| Average Annual Total Return: |
11.54% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$29,815.11 |
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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: |
05/24/2010 |
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| End date: |
05/22/2020 |
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| Start price/share: |
$9.01 |
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| End price/share: |
$12.43 |
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| Dividends collected/share: |
$5.58 |
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| Total return: |
99.89% |
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| Average Annual Total Return: |
7.17% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$19,990.09 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 03/24/2004 | 2 for 1 |
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