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 Video: What is a Stock Split?
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| Ballantyne Strong is a holding company with business operations in the entertainment industry and holdings in public and privately held companies. Co. conducts its operations primarily through its Strong Entertainment operating segment. Co.'s Strong Entertainment business segment manufactures and distributes projection screens and provides technical support services and other related products and services to the cinema exhibition industry, theme parks, schools, museums and other entertainment-related markets. Co. also distributes and supports third party products, including digital projectors, servers, library management systems, menu boards and sound systems. According to our BTN split history records, BTN has had 3 splits. | |
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BTN (BTN) has 3 splits in our BTN split history database. The first split for BTN took place on March 06, 1997. This was a 3 for 2
split, meaning for each 2
shares of BTN 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. BTN's second split took place on June 15, 1998. This was a 3 for 2
split, meaning for each 2
shares of BTN 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. BTN's third split took place on February 10, 1999. This was a 105 for 100
split, meaning for each 100
shares of BTN owned pre-split, the shareholder now owned 105 shares. For example, a 2250 share position pre-split, became a 2362.5 share position following the split.
When a company such as BTN 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 BTN split history from start to finish, an original position size of 1000 shares would have turned into 2362.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into BTN shares, starting with a $10,000 purchase of BTN, presented on a split-history-adjusted basis factoring in the complete BTN split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
12/23/2022 |
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| Start price/share: |
$4.65 |
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| End price/share: |
$2.58 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-44.52% |
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| Average Annual Total Return: |
-6.56% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$5,550.37 |
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| Years: |
8.68 |
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| Date |
Ratio |
| 03/06/1997 | 3 for 2
| | 06/15/1998 | 3 for 2
| | 02/10/1999 | 105 for 100
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