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PICO Holdings (PICO) has 1 split in our PICO split history database. The split for PICO took place on December 17, 1998. This was a 1 for 5 reverse split, meaning for each 5 shares of PICO owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as PICO Holdings 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 PICO 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 PICO Holdings shares, starting with a $10,000 purchase of PICO, presented on a split-history-adjusted basis factoring in the complete PICO split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||-8.37%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-7.65%|
|About PICO Holdings|
|PICO Holdings is a holding company. Through its subsidiary, Vidler Water Company, Inc. (Vidler), Co. is focused on monetizing its existing water rights and storage credits that it owns in Arizona, Colorado, Nevada and New Mexico. Co. has developed sources of water for municipal and industrial use, either from existing supplies of water, such as water used for agricultural purposes, acquired unappropriated water, or discovered new water sources based on science and targeted exploration. Lincoln County Nevada and Vidler has a water delivery teaming agreement to locate and develop water resources in Lincoln County, NV for planned projects under the Lincoln County master plan. According to our PICO split history records, PICO Holdings has had 1 split.|
|PICO Split History Table|
|12/17/1998||1 for 5|
|Services Stock Splits|
|PICO is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: PICO shares outstanding history