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ANTP (ANTP) has 2 splits in our ANTP split history database. The first split for ANTP took place on February 13, 1998. This was a 2 for 1 split, meaning for each share of ANTP owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. ANTP's second split took place on June 16, 1994. This was a 1 for 20 reverse split, meaning for each 20 shares of ANTP owned pre-split, the shareholder now owned 1 share. For example, a 2000 share position pre-split, became a 100 share position following the split.
When a company such as ANTP 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 ANTP 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 ANTP split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ANTP shares, starting with a $10,000 purchase of ANTP, presented on a split-history-adjusted basis factoring in the complete ANTP split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-26.06%|
|Phazar is the holding company for its subsidiaries, Antenna Products Corporation, Phazar Antenna Corp. and Thirco, Inc. Antenna Products Corp. and Phazar Antenna Corp. are operating subsidiaries with Thirco, Inc. serving as an equipment leasing company to Co.'s operating units. Antenna Products Corp. designs, manufactures and markets standard and custom antennas, guyed and self-supported towers, support structures, masts and communication accessories worldwide. Phazar Antenna Corp. supplies a range of multiple band antennas for the telecommunication market for Distributed Antenna Systems. Thirco, Inc. purchases and leases equipment and facilities to the other operating units of Co. According to our ANTP split history records, ANTP has had 2 splits.|
|ANTP Split History Table|
|02/13/1998||2 for 1|
|06/16/1994||1 for 20|
|Technology Stock Splits|
|ANTP is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:|