When a company such as IDI 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 IDI split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into IDI shares, starting with a $10,000 purchase of IDI, presented on a split-history-adjusted basis factoring in the complete IDI split history.

About IDI

Cogint is a data and analytics company providing information and marketing solutions to businesses in a variety of industries. Co. serves the risk management and the consumer marketing industries through its consolidated subsidiaries: Interactive Data, LLC, which provides information solutions to a range and diverse set of industries including, financial services, insurance, healthcare, corporate risk, law enforcement, government, collections, retail, and legal; and Fluent, LLC, which provides people-based, digital marketing solutions to consumer brands and direct marketers utilizing Fluent's proprietary audience data and technology. Co. provides its services to organizations in the U.S. According to our IDI split history records, IDI has had 1 split.

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