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AFAM (AFAM) has 2 splits in our AFAM split history database. The first split for AFAM took place on March 23, 1995. This was a 1 for 5 reverse split, meaning for each 5 shares of AFAM owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split. AFAM's second split took place on January 16, 2007. This was a 2 for 1 split, meaning for each share of AFAM owned pre-split, the shareholder now owned 2 shares. For example, a 200 share position pre-split, became a 400 share position following the split.
When a company such as AFAM 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. When a company such as AFAM 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 AFAM split history from start to finish, an original position size of 1000 shares would have turned into 400 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into AFAM shares, starting with a $10,000 purchase of AFAM, presented on a split-history-adjusted basis factoring in the complete AFAM split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||7.17%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||6.39%|
|Almost Family is a provider of home healthcare services. Co. has two divisions, Home Health and Healthcare Innovations. The Home Health division is comprised of two segments, Visiting Nurse Services, which provides a range of Medicare-certified home health nursing services to patients in need of recuperative care; and Personal Care Services, which provides services in patients' homes primarily on an as-needed, hourly basis. The Healthcare Innovations segment includes Co.'s developmental activity outside of the home health business platform. As of Dec 30 2016, Co. operated over 340 locations across 26 states. According to our AFAM split history records, AFAM has had 2 splits.|
|AFAM Split History Table|
|03/23/1995||1 for 5|
|01/16/2007||2 for 1|
|Healthcare Stock Splits|
|AFAM is categorized under the Healthcare sector; below are some other companies in the same sector that also have a history of stock splits:|