|
Video: What is a Stock Split?
|
|
Latham Group is a holding company. Through its subsidiaries, Co. is a designer, manufacturer and marketer of in-ground residential swimming pools. Co.'s products include: In-ground Swimming Pools, in which Co. provides a portfolio of fiberglass pools with customizable features that include colors, elaborate finishes, floor mosaics, lighting options, water features, in-floor cleaning, tanning ledges, and spillover spas; Liners, in which Co.'s liners are customizable in shape, size, color and pattern; and Covers, in which Co.'s automatic safety covers are compatible with fiberglass, vinyl and concrete pools of almost any shape and size, driving homeowner preference for the CoverStar brand. According to our SWIM split history records, Latham Group has had 6 splits. | |
|
Latham Group (SWIM) has 6 splits in our SWIM split history database. The first split for SWIM took place on May 12, 2000. This was a 11 for 10
split, meaning for each 10
shares of SWIM owned pre-split, the shareholder now owned 11 shares. For example, a 1000 share position pre-split, became a 1100 share position following the split. SWIM's second split took place on November 14, 2000. This was a 11 for 10 split, meaning for each 10 shares of SWIM owned pre-split, the shareholder now owned 11 shares. For example, a 1100 share position pre-split, became a 1210 share position following the split. SWIM's third split took place on May 14, 2001. This was a 11 for 10 split, meaning for each 10 shares of SWIM owned pre-split, the shareholder now owned 11 shares. For example, a 1210 share position pre-split, became a 1331 share position following the split. SWIM's 4th split took place on November 14, 2001. This was a 11 for 10 split, meaning for each 10 shares of SWIM owned pre-split, the shareholder now owned 11 shares. For example, a 1331 share position pre-split, became a 1464.1 share position following the split. SWIM's 5th split took place on May 14, 2002. This was a 11 for 10 split, meaning for each 10 shares of SWIM owned pre-split, the shareholder now owned 11 shares. For example, a 1464.1 share position pre-split, became a 1610.51 share position following the split. SWIM's 6th split took place on November 13, 2002. This was a 11 for 10 split, meaning for each 10 shares of SWIM owned pre-split, the shareholder now owned 11 shares. For example, a 1610.51 share position pre-split, became a 1771.561 share position following the split.
When a company such as Latham Group 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 SWIM split history from start to finish, an original position size of 1000 shares would have turned into 1771.561 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Latham Group shares, starting with a $10,000 purchase of SWIM, presented on a split-history-adjusted basis factoring in the complete SWIM split history.
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
04/26/2021 |
|
End date: |
03/27/2024 |
|
Start price/share: |
$27.60 |
|
End price/share: |
$4.00 |
|
Dividends collected/share: |
$0.00 |
|
Total return: |
-85.51% |
|
Average Annual Total Return: |
-48.38% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$1,449.68 |
|
Years: |
2.92 |
|
|
|
Date |
Ratio |
05/12/2000 | 11 for 10
| 11/14/2000 | 11 for 10 | 05/14/2001 | 11 for 10 | 11/14/2001 | 11 for 10 | 05/14/2002 | 11 for 10 | 11/13/2002 | 11 for 10 |
|
|