Split History
EGLE split history picture
Eagle Bulk Shipping (EGLE) has 4 splits in our EGLE split history database. The first split for EGLE took place on May 23, 2012. This was a 1 for 4 reverse split, meaning for each 4 shares of EGLE owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split. EGLE's second split took place on August 05, 2016. This was a 1 for 20 reverse split, meaning for each 20 shares of EGLE owned pre-split, the shareholder now owned 1 share. For example, a 250 share position pre-split, became a 12.5 share position following the split. EGLE's third split took place on October 16, 2014. This was a 10000 for 181976 reverse split, meaning for each 181976 shares of EGLE owned pre-split, the shareholder now owned 10000 shares. For example, a 12.5 share position pre-split, became a 0.686903767529784 share position following the split. EGLE's 4th split took place on September 15, 2020. This was a 1 for 7 reverse split, meaning for each 7 shares of EGLE owned pre-split, the shareholder now owned 1 share. For example, a 0.686903767529784 share position pre-split, became a 0.098129109647112 share position following the split.

When a company such as Eagle Bulk Shipping 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 EGLE split history from start to finish, an original position size of 1000 shares would have turned into 0.098129109647112 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Eagle Bulk Shipping shares, starting with a $10,000 purchase of EGLE, presented on a split-history-adjusted basis factoring in the complete EGLE split history. EGLE split adjusted history picture

Growth of $10,000.00
Without Dividends Reinvested

Start date: 10/16/2014
End date: 06/14/2021
Start price/share: $2,212.00
End price/share: $50.89
Dividends collected/share: $0.00
Total return: -97.70%
Average Annual Total Return: -43.21%
Starting investment: $10,000.00
Ending investment: $230.16
Years: 6.67
Eagle Bulk Shipping is a holding company. Through its subsidiaries, Co. is engaged in the ocean transportation of drybulk cargoes through the ownership, charter and operation of drybulk vessels. Co.'s fleet is comprised of Supramax and Ultramax drybulk carriers. Co. provides transportation solutions to a group of customers, including miners, producers, traders, and user. Typical cargoes Co. transports include both primary bulk cargoes, such as iron ore, coal and grain coal, grain, and iron ore, and minor bulk cargoes such as fertilizer, steel products, petcoke, cement, and forest products. Co.'s vessels are equipped with cargo cranes and cargo grabs. According to our EGLE split history records, Eagle Bulk Shipping has had 4 splits.
Date Ratio
05/23/20121 for 4
08/05/20161 for 20
10/16/201410000 for 181976
09/15/20201 for 7
EGLE is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:

ELRC Split History
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ELTK Split History
EME Split History
EMITF Split History
EML Split History
EMR Split History
ESE Split History
ESEA Split History
ESP Split History

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