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Seanergy Maritime Holdings (SHIP) has 3 splits in our SHIP split history database. The first split for SHIP took place on January 08, 2016. This was a 1 for 5 reverse split, meaning for each 5 shares of SHIP 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. SHIP's second split took place on March 20, 2019. This was a 1 for 15 reverse split, meaning for each 15 shares of SHIP owned pre-split, the shareholder now owned 1 share. For example, a 200 share position pre-split, became a 13.3333333333333 share position following the split. SHIP's third split took place on June 30, 2020. This was a 1 for 16 reverse split, meaning for each 16 shares of SHIP owned pre-split, the shareholder now owned 1 share. For example, a 13.3333333333333 share position pre-split, became a 0.833333333333333 share position following the split.
When a company such as Seanergy Maritime 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 SHIP split history from start to finish, an original position size of 1000 shares would have turned into 0.833333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Seanergy Maritime Holdings shares, starting with a $10,000 purchase of SHIP, presented on a split-history-adjusted basis factoring in the complete SHIP split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-47.03%|
|About Seanergy Maritime Holdings|
|Seanergy Maritime Holdings is a holding company. Through its subsidiaries, Co. is an international shipping company engaging in the worldwide seaborne transportation of dry bulk commodities. Co. operates several Capesize vessels. According to our SHIP split history records, Seanergy Maritime Holdings has had 3 splits.|
|SHIP Split History Table|
|01/08/2016||1 for 5|
|03/20/2019||1 for 15|
|06/30/2020||1 for 16|
|Industrials Stock Splits|
|SHIP 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: SHIP shares outstanding history