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Video: What is a Stock Split?
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Harbor Customer Development is a real estate development company involved in various aspects of the land development cycle including land acquisition, entitlements, development, construction of project infrastructure, single and multi-family vertical construction, marketing, and sales of various residential projects in Washington, California, Texas, and Florida. Co. provides a portfolio of finished lots, single-family homes and multi-family communities, including townhomes, and apartments. According to our HCDI split history records, HCDI has had 1 split. | |
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HCDI (HCDI) has 1 split in our HCDI split history database. The split for HCDI took place on March 06, 2023. This was a 1 for 20 reverse split, meaning for each 20 shares of HCDI owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split.
When a company such as HCDI 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 HCDI split history from start to finish, an original position size of 1000 shares would have turned into 50 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into HCDI shares, starting with a $10,000 purchase of HCDI, presented on a split-history-adjusted basis factoring in the complete HCDI split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
08/31/2020 |
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End date: |
12/20/2023 |
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Start price/share: |
$143.00 |
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End price/share: |
$0.20 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.86% |
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Average Annual Total Return: |
-86.34% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$13.91 |
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Years: |
3.30 |
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Date |
Ratio |
03/06/2023 | 1 for 20 |
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