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Globalscape (GSB) has 1 split in our GSB split history database. The split for GSB took place on August 26, 1993. This was a 1 for 18 reverse split, meaning for each 18 shares of GSB owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 55.5555555555556 share position following the split.
When a company such as Globalscape 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 GSB split history from start to finish, an original position size of 1000 shares would have turned into 55.5555555555556 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Globalscape shares, starting with a $10,000 purchase of GSB, presented on a split-history-adjusted basis factoring in the complete GSB split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||21.16%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||19.68%|
|GlobalSCAPE develops and sells computer software that provides information exchange, data transfer and sharing capabilities for enterprises and consumers. Co.'s primary business is selling and supporting managed file transfer (MFT) software for enterprises. MFT software facilitates the transfer of data from one location to another across a computer network within a single enterprise or between multiple computer networks in multiple enterprises. Co.'s MFT products are based upon its Enhanced File Transfer (EFT) platform. It enables business partners, clients and employees to share information. Co. sells other products including Mail Express, Wide Area File Services Solution, and CuteFTP. According to our GSB split history records, Globalscape has had 1 split.|
|GSB Split History Table|
|08/26/1993||1 for 18|
|Technology Stock Splits|
|GSB is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:|