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 Video: What is a Stock Split?
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| Full Circle Capital is a management investment company. Co. invests in senior secured loans and, to a lesser extent, second lien loans, mezzanine loans and equity securities issued by lower middle-market companies that operate in a range of industries. In its lending activities, Co. focuses on portfolio companies with both tangible and intangible assets available as collateral and security against its loan to assist mitigate its risk of loss, and cash flow to cover debt service. Co.'s investments range in size from $3.0 million to $10.0 million. Co. focuses primarily on senior secured loans and stretch senior secured loans. Co. also may invests in mezzanine, subordinated or unsecured loans. According to our FULL split history records, FULL has had 2 splits. | |
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FULL (FULL) has 2 splits in our FULL split history database. The first split for FULL took place on June 02, 1992. This was a 3 for 2
split, meaning for each 2
shares of FULL 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. FULL's second split took place on November 19, 2001. This was a 2 for 1 split, meaning for each share of FULL owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split.
When a company such as FULL 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 FULL split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into FULL shares, starting with a $10,000 purchase of FULL, presented on a split-history-adjusted basis factoring in the complete FULL split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/03/2013 |
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| End date: |
03/20/2017 |
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| Start price/share: |
$7.59 |
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| End price/share: |
$2.67 |
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| Starting shares: |
1,317.52 |
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| Ending shares: |
1,979.00 |
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| Dividends reinvested/share: |
$1.74 |
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| Total return: |
-47.16% |
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| Average Annual Total Return: |
-17.61% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$5,283.99 |
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| Years: |
3.29 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/03/2013 |
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| End date: |
03/20/2017 |
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| Start price/share: |
$7.59 |
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| End price/share: |
$2.67 |
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| Dividends collected/share: |
$1.74 |
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| Total return: |
-41.87% |
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| Average Annual Total Return: |
-15.19% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$5,812.53 |
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| Years: |
3.29 |
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| Date |
Ratio |
| 06/02/1992 | 3 for 2
| | 11/19/2001 | 2 for 1 |
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