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HGLB

Highland Global Allocation FundNYSE:HGLB Stock Report

Last Price

US$9.87

Market Cap

US$192.4m

7D

0.4%

1Y

44.9%

Updated

21 Jan, 2022

Data

Company Financials
HGLB fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

HGLB Stock Overview

No business description

Price History & Performance

Summary of all time highs, changes and price drops for Highland Global Allocation Fund
Historical stock prices
Current Share PriceUS$9.87
52 Week HighUS$10.02
52 Week LowUS$6.60
Beta0
1 Month Change5.56%
3 Month Change2.92%
1 Year Change44.93%
3 Year Changen/a
5 Year Changen/a
Change since IPO-34.67%

Recent News & Updates

Jul 26

HGLB Is An Interesting Global Allocation CEF, But Not My Cup Of Tea

The Highland Global Allocation Fund formed in 1998 as an Open-End Fund, but shareholders approved conversion to a Closed-End Fund in early 2019. This affected some of the data available. As the name implies, their investment strategy includes both equities and debt across the globe. They are also permitted to own assets not classified within those categories. Due to the poor performance and highly concentrated portfolio risk, I am giving HGLB a Bearish rating at this time.

May 04

Highland Global Allocation Fund declares $0.071 dividend

Highland Global Allocation Fund (HGLB) declares $0.071/share monthly dividend, in line with previous.Forward yield 10.04%Payable May 28; for shareholders of record May 21; ex-div May 20.Payable June 30; for shareholders of record June 23; ex-div June 22.See HGLB Dividend Scorecard, Yield Chart, & Dividend Growth.

Jan 13

Highland Global Allocation Fund declares $0.071 dividend

Highland Global Allocation Fund (HGLB) declares $0.071/share monthly dividend, -15.5% decrease from prior dividend of $0.084.Forward yield 12.81%Payable Jan. 29; for shareholders of record Jan. 26; ex-div Jan. 25.Payable Feb. 26; for shareholders of record Feb. 19; ex-div Feb. 18.Payable Mar. 31; for shareholders of record Mar. 24; ex-div Mar. 23.See HGLB Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

HGLBUS Capital MarketsUS Market
7D0.4%-5.5%-4.6%
1Y44.9%24.6%7.7%

Return vs Industry: HGLB exceeded the US Capital Markets industry which returned 24.6% over the past year.

Return vs Market: HGLB exceeded the US Market which returned 7.7% over the past year.

Price Volatility

Is HGLB's price volatile compared to industry and market?
HGLB volatility
HGLB Average Weekly Movement2.2%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: HGLB is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: HGLB's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/an/a

Highland Global Allocation Fund Fundamentals Summary

How do Highland Global Allocation Fund's earnings and revenue compare to its market cap?
HGLB fundamental statistics
Market CapUS$192.41m
Earnings (TTM)US$0
Revenue (TTM)n/a

n/a

P/E Ratio

n/a

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HGLB income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
ExpensesUS$0
EarningsUS$0

Last Reported Earnings

n/a

Next Earnings Date

n/a

Earnings per share (EPS)0
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did HGLB perform over the long term?

See historical performance and comparison

Valuation

Is Highland Global Allocation Fund undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Highland Global Allocation Fund is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Highland Global Allocation Fund has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.

Future Growth

How is Highland Global Allocation Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.3%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Highland Global Allocation Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Highland Global Allocation Fund performed over the past 5 years?

20.3%

Historical Diversified Financials annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Highland Global Allocation Fund has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.

Financial Health

How is Highland Global Allocation Fund's financial position?


In this section we usually analyse Highland Global Allocation Fund's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Highland Global Allocation Fund has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.

Dividend

What is Highland Global Allocation Fund current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate HGLB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate HGLB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if HGLB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HGLB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HGLB's dividend in 3 years as they are not forecast to pay a notable one for the US market.

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Highland Global Allocation Fund has no CEO, or we have no data on them.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Highland Global Allocation Fund's employee growth, exchange listings and data sources


Key Information

  • Name: Highland Global Allocation Fund
  • Ticker: HGLB
  • Exchange: NYSE
  • Founded: NaN
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: US$192.408m
  • Shares outstanding: 21.94m

Location

  • Highland Global Allocation Fund
  • 200 Crescent Court
  • Suite 700
  • Dallas
  • Texas
  • 75201
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 00:15
End of Day Share Price2022/01/20 00:00
EarningsN/A
Annual EarningsN/A


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.