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Navios Maritime Partners LP (NMM) has 1 split in our NMM split history database. The split for NMM took place on May 21, 2019. This was a 1 for 15 reverse split, meaning for each 15 shares of NMM owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split.
When a company such as Navios Maritime Partners LP 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 NMM split history from start to finish, an original position size of 1000 shares would have turned into 66.6666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Navios Maritime Partners LP shares, starting with a $10,000 purchase of NMM, presented on a split-history-adjusted basis factoring in the complete NMM split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||-13.97%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-5.72%|
|About Navios Maritime Partners LP|
|Navios Maritime Partners is an international owner and operator of dry cargo vessels. Co.'s customers use its vessels to transport their dry cargo commodities. According to our NMM split history records, Navios Maritime Partners LP has had 1 split.|
|NMM Split History Table|
|05/21/2019||1 for 15|
|Industrials Stock Splits|
|NMM is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: NMM shares outstanding history