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Turtle Beach (HEAR) has 1 split in our HEAR split history database. The split for HEAR took place on April 09, 2018. This was a 1 for 4 reverse split, meaning for each 4 shares of HEAR 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.
When a company such as Turtle Beach 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 HEAR split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Turtle Beach shares, starting with a $10,000 purchase of HEAR, presented on a split-history-adjusted basis factoring in the complete HEAR split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||19.30%|
|About Turtle Beach|
|Turtle Beach is an audio technology company with capability in developing, commercializing and marketing products across a range of markets under the Turtle Beach® and HyperSound® brands. Co. designs and markets an assortment of audio peripherals for Xbox, PlayStation®, and Nintendo consoles, as well as for PC, Mac®, and mobile/tablet devices. Co. is also a licensed partner of Microsoft, delivering products for their consoles. In addition, Co. licenses HyperSound technology in the retail industry to be incorporated in customer contact points such as retail point of sales, kiosks, digital signage, wayfinding, museum exhibits, meeting halls, and more. According to our HEAR split history records, Turtle Beach has had 1 split.|
|HEAR Split History Table|
|04/09/2018||1 for 4|
|Consumer Stock Splits|
|HEAR is categorized under the Consumer sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: HEAR shares outstanding history