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 Video: What is a Stock Split?
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| GAMCO Investors is a holding company. Through its subsidiaries, Co. is a provider of investment advisory services to open-end funds, closed-end funds, semi-transparent exchange traded funds, a societe d'investissement a capital variable and institutional and private wealth management investors. Co. generally manages assets on a fully discretionary basis and invests in a variety of U.S. and international securities. Co. conducts its investment advisory business principally through two subsidiaries: Gabelli Funds, LLC and GAMCO Asset Management Inc. G.distributors, LLC, its broker-dealer subsidiary, acts as an underwriter and distributor of Co.'s open-end funds. According to our GBL split history records, GBL has had 1 split. | |
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GBL (GBL) has 1 split in our GBL split history database. The split for GBL took place on December 01, 2015. This was a 1857 for 1000 split, meaning for each 1000 shares of GBL owned pre-split, the shareholder now owned 1857 shares. For example, a 1000 share position pre-split, became a 1857 share position following the split.
When a company such as GBL 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 GBL split history from start to finish, an original position size of 1000 shares would have turned into 1857 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into GBL shares, starting with a $10,000 purchase of GBL, presented on a split-history-adjusted basis factoring in the complete GBL split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/10/2013 |
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| End date: |
10/06/2022 |
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| Start price/share: |
$42.80 |
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| End price/share: |
$14.78 |
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| Starting shares: |
233.64 |
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| Ending shares: |
278.08 |
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| Dividends reinvested/share: |
$3.99 |
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| Total return: |
-58.90% |
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| Average Annual Total Return: |
-9.58% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$4,111.96 |
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| Years: |
8.82 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/10/2013 |
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| End date: |
10/06/2022 |
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| Start price/share: |
$42.80 |
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| End price/share: |
$14.78 |
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| Dividends collected/share: |
$3.99 |
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| Total return: |
-56.14% |
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| Average Annual Total Return: |
-8.92% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$4,384.52 |
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| Years: |
8.82 |
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| Date |
Ratio |
| 12/01/2015 | 1857 for 1000 |
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