Sep 01, 2015
9:100
For every 100 shares held, investors received 9. The price per share adjusted from $2.80 to $31.12.
The split itself did not change the total investment value.
Gyrodyne , LLC (NASDAQ:GYRO) operates in the Real estate development industry.
Gyrodyne , LLC company overviewGyrodyne , LLC's most recent stock split was on September 1, 2015. It was a 9-for-100 reverse split, so shareholders received 9 shares for every 100 they held.
Gyrodyne , LLC (NASDAQ:GYRO) has split its stock 6 times: a 51-for-50 split on August 26, 1992, a 51-for-50 split on August 27, 1993, a 7-for-4 split on February 3, 1995, a 11-for-10 split on April 29, 2002, a 1107-for-1000 split on May 6, 2015, and a 9-for-100 reverse split on September 1, 2015.
Gyrodyne , LLC has split its stock 6 times. This history records 6 splits between August 26, 1992 and September 1, 2015.
A reverse stock split combines several shares into one and raises the price per share by the same factor, so the total value of a holding does not change. In Gyrodyne , LLC's 9-for-100 reverse split on September 1, 2015, every 100 shares became 9 shares. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Gyrodyne , LLC has not announced a new split in our records. Its most recent split was on September 1, 2015, 11 years ago. Companies announce splits in advance, and any new NASDAQ:GYRO split will appear on this page.