 |
 Video: What is a Stock Split?
|
|
|
| Impac Mortgage Holdings is an independent residential mortgage lender which originates, sells and services residential mortgage loans. Co.'s operating segments include: Mortgage Lending, which primarily originates, sells and services conforming agency and government insured residential mortgage loans originated or acquired through its retail (consumer direct), correspondent and wholesale channels; Real Estate Services, which provides loss mitigation and real estate services; and the Long-Term Mortgage Portfolio, which includes adjustable rate and, to a lesser extent, fixed rate Alt-A single-family residential mortgages and commercial (primarily multifamily residential loans) mortgages. According to our IMH split history records, Impac Mortgage Holdings has had 1 split. | |
|
Impac Mortgage Holdings (IMH) has 1 split in our IMH split history database. The split for IMH took place on November 25, 1997. This was a 3 for 2
split, meaning for each 2
shares of IMH 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.
When a company such as Impac Mortgage Holdings 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 IMH split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Impac Mortgage Holdings shares, starting with a $10,000 purchase of IMH, presented on a split-history-adjusted basis factoring in the complete IMH split history.
Growth of $10,000.00
Without Dividends Reinvested
|
| Start date: |
06/24/2011 |
|
| End date: |
06/23/2021 |
|
| Start price/share: |
$2.95 |
|
| End price/share: |
$2.07 |
|
| Dividends collected/share: |
$0.00 |
|
| Total return: |
-29.83% |
|
| Average Annual Total Return: |
-3.48% |
|
| Starting investment: |
$10,000.00 |
|
| Ending investment: |
$7,015.99 |
|
| Years: |
10.01 |
|
|
|
| Date |
Ratio |
| 11/25/1997 | 3 for 2
|
|
|
