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Video: What is a Stock Split?
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Stabilis Solutions is an energy transition company that provides clean energy production, storage, transportation and fueling solutions primarily using liquefied natural gas (LNG) to several end markets across North America. Co.'s segments are: LNG, which includes transportation and logistics services, cryogenic equipment rental and engineering and field support services; and Power Delivery Segment, which Co. provides power delivery equipment and services for the marine, power generation, oil and gas, and industrial market segments in Brazil. Additionally, Co. builds power and control systems for the energy industry in China through its Chinese joint venture, BOMAY Electric Industries, Inc. According to our SLNG split history records, Stabillis Solutions has had 1 split. | |
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Stabillis Solutions (SLNG) has 1 split in our SLNG split history database. The split for SLNG took place on July 29, 2019. This was a 1 for 8 reverse split, meaning for each 8 shares of SLNG owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 125 share position following the split.
When a company such as Stabillis Solutions 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 SLNG split history from start to finish, an original position size of 1000 shares would have turned into 125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Stabillis Solutions shares, starting with a $10,000 purchase of SLNG, presented on a split-history-adjusted basis factoring in the complete SLNG split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/24/2014 |
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End date: |
04/22/2024 |
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Start price/share: |
$56.72 |
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End price/share: |
$4.11 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-92.75% |
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Average Annual Total Return: |
-23.08% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$724.57 |
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Years: |
10.00 |
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Date |
Ratio |
07/29/2019 | 1 for 8 |
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