When a company such as HAWK 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 HAWK split history from start to finish, an original position size of 1000 shares would have turned into 50 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into HAWK shares, starting with a $10,000 purchase of HAWK, presented on a split-history-adjusted basis factoring in the complete HAWK split history.

About HAWK

Blackhawk Network Holdings is a prepaid payment network utilizing proprietary technology to provide a range of prepaid cards in physical and electronic forms, as well as complementary prepaid products and payment services. Prepaid products that Co. provides at retail are activated when a consumer loads funds at a retail store location or online. Co. also provides reloads for reloadable prepaid products, including prepaid telecom accounts and general-purpose reloadable cards. Co.'s incentives businesses provides software, consulting services, program management, reward processing and reward fulfillment to its clients. The majority of rewards are fulfilled using a prepaid open loop card. According to our HAWK split history records, HAWK has had 1 split.

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