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Video: What is a Stock Split?


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Genco Shipping & Trading is a holding company. Through its subsidiaries, Co. is engaged in the transportation of iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes through the ownership and operation of drybulk carrier vessels. Co.'s fleet consists of drybulk vessels, including Capesize drybulk carriers, Panamax drybulk carrier, Ultramax drybulk carriers, Supramax drybulk carriers, and Handysize drybulk carriers. Co. generally charters its vessels to primary trading houses (including commodities traders), producers and government-owned entities. According to our GNK split history records, Genco Shipping and Trading has had 1 split.
GNK split history picture
Genco Shipping and Trading (GNK) has 1 split in our GNK split history database. The split for GNK took place on July 08, 2016. This was a 1 for 10 reverse split, meaning for each 10 shares of GNK owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.

When a company such as Genco Shipping and Trading conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the GNK split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Genco Shipping and Trading shares, starting with a $10,000 purchase of GNK, presented on a split-history-adjusted basis factoring in the complete GNK split history. GNK split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 07/15/2014
End date: 08/02/2021
Start price/share: $210.00
End price/share: $17.75
Starting shares: 47.62
Ending shares: 52.01
Dividends reinvested/share: $0.81
Total return: -90.77%
Average Annual Total Return: -28.66%
Starting investment: $10,000.00
Ending investment: $923.20
Years: 7.05
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 07/15/2014
End date: 08/02/2021
Start price/share: $210.00
End price/share: $17.75
Dividends collected/share: $0.81
Total return: -91.16%
Average Annual Total Return: -29.10%
Starting investment: $10,000.00
Ending investment: $883.77
Years: 7.05
Date Ratio
07/08/20161 for 10
GNK is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:

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GPX Split History
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GVA Split History
GWAY Split History
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GWW Split History
GY Split History

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