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 Video: What is a Stock Split?
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| LM Funding America, Inc. together with its subsidiaries, is a cryptocurrency mining and technology-based specialty finance company. Its segments include Specialty Finance and Mining Operations. It offers funding to nonprofit community associations (Associations) primarily located in the state of Florida. It provides incorporated nonprofit community associations. Its original product offering consists of providing funding to Associations by purchasing their rights under delinquent accounts that are selected by the Associations arising from unpaid Association assessments. According to our LMFA split history records, LMFA has had 4 splits. | |
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LMFA (LMFA) has 4 splits in our LMFA split history database. The first split for LMFA took place on October 16, 2018. This was a 1 for 10 reverse split, meaning for each 10 shares of LMFA 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. LMFA's second split took place on May 07, 2021. This was a 1 for 5 reverse split, meaning for each 5 shares of LMFA owned pre-split, the shareholder now owned 1 share. For example, a 100 share position pre-split, became a 20 share position following the split. LMFA's third split took place on March 12, 2024. This was a 1 for 6 reverse split, meaning for each 6 shares of LMFA owned pre-split, the shareholder now owned 1 share. For example, a 20 share position pre-split, became a 3.33333333333333 share position following the split. LMFA's 4th split took place on July 13, 2026. This was a 1 for 25 reverse split, meaning for each 25 shares of LMFA owned pre-split, the shareholder now owned 1 share. For example, a 3.33333333333333 share position pre-split, became a 0.133333333333333 share position following the split.
When a company such as LMFA 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 LMFA split history from start to finish, an original position size of 1000 shares would have turned into 0.133333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into LMFA shares, starting with a $10,000 purchase of LMFA, presented on a split-history-adjusted basis factoring in the complete LMFA split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
09/12/2016 |
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| End date: |
07/21/2026 |
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| Start price/share: |
$61,200.00 |
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| End price/share: |
$2.60 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-100.00% |
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| Average Annual Total Return: |
-63.97% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$0.43 |
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| Years: |
9.86 |
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| Date |
Ratio |
| 10/16/2018 | 1 for 10 | | 05/07/2021 | 1 for 5 | | 03/12/2024 | 1 for 6 | | 07/13/2026 | 1 for 25 |
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