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 Video: What is a Stock Split?
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| FRP Holdings is engaged in the transportation and real estate businesses. Co.'s transportation business is conducted through Florida Rock & Tank Lines, Inc. which is a Southeastern transportation company concentrating in the hauling by motor carrier of liquid and dry bulk commodities. Co.'s real estate group, comprised of FRP Development Corp. and Florida Rock Properties, Inc., acquires, constructs, leases, operates and manages land and buildings to generate both current cash flows and long-term capital appreciation. The real estate group also owns real estate which is leased under mining royalty agreements or held for investment. According to our PATR split history records, PATR has had 1 split. | |
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PATR (PATR) has 1 split in our PATR split history database. The split for PATR took place on January 18, 2011. This was a 3 for 1 split, meaning for each share of PATR owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split.
When a company such as PATR 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 PATR split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PATR shares, starting with a $10,000 purchase of PATR, presented on a split-history-adjusted basis factoring in the complete PATR split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
12/04/2014 |
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| Start price/share: |
$37.29 |
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| End price/share: |
$36.12 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-3.14% |
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| Annualized Gain: |
-5.07% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$9,686.00 |
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| Years: |
0.62 |
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| Date |
Ratio |
| 01/18/2011 | 3 for 1 |
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