| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 0/6 |
| Dividends | 0/6 |
HGLB Stock Overview
No business description
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$9.87 |
| 52 Week High | US$10.02 |
| 52 Week Low | US$6.60 |
| Beta | 0 |
| 1 Month Change | 5.56% |
| 3 Month Change | 2.92% |
| 1 Year Change | 44.93% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | -34.67% |
Recent News & Updates
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.
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.
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
| HGLB | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | 0.4% | -5.5% | -4.6% |
| 1Y | 44.9% | 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
| HGLB volatility | |
|---|---|
| HGLB Average Weekly Movement | 2.2% |
| Capital Markets Industry Average Movement | 0.7% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | n/a | n/a |
Highland Global Allocation Fund Fundamentals Summary
| HGLB fundamental statistics | |
|---|---|
| Market Cap | US$192.41m |
| Earnings (TTM) | US$0 |
| Revenue (TTM) | n/a |
n/a
P/E Ration/a
P/S RatioIs HGLB overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HGLB income statement (TTM) | |
|---|---|
| Revenue | US$0 |
| Cost of Revenue | US$0 |
| Gross Profit | US$0 |
| Expenses | US$0 |
| Earnings | US$0 |
Last Reported Earnings
n/a
Next Earnings Date
n/a
| Earnings per share (EPS) | 0 |
| Gross Margin | 0.00% |
| Net Profit Margin | 0.00% |
| Debt/Equity Ratio | 0.0% |
How did HGLB perform over the long term?
See historical performance and comparisonValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/21 00:15 |
| End of Day Share Price | 2022/01/20 00:00 |
| Earnings | N/A |
| Annual Earnings | N/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.