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TMA (TMA) has 1 split in our TMA split history database. The split for TMA took place on September 29, 2008. This was a 1 for 10 reverse split, meaning for each 10 shares of TMA owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as TMA 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 TMA split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into TMA shares, starting with a $10,000 purchase of TMA, presented on a split-history-adjusted basis factoring in the complete TMA split history.
TMA -- use the split history when considering split-adjusted past price performance.
|The Company is a single-family residential mortgage lender that originates acquires and retains investments in ARM Assets thereby providing capital to the single-family residential housing market. According to our TMA split history records, TMA has had 1 split.|
|TMA Split History Table|
|09/29/2008||1 for 10|
|Industrials Stock Splits|
|TMA is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:|