Highland Global Allocation Fund (HGLB) Stock Price, News & Analysis

Company Overview

Highland Global Allocation Fund (NASDAQ: HGLB) is a diversified closed-end management investment company that seeks to provide long-term total return through a combination of capital appreciation and current income. The fund’s investment objective is implemented through a flexible, global allocation strategy that spans equities, fixed-income securities, convertible securities and derivatives. By employing both long and short positions, the fund aims to manage risk and capture opportunities across market environments.

Advised by Highland Capital Management, L.P., HGLB draws upon the firm’s proprietary research and multi-asset expertise to allocate assets dynamically among developed and emerging markets. Its portfolio typically includes U.S. and non-U.S. equity securities, corporate and sovereign debt, convertible bonds and select derivative instruments. The fund may also use currency hedging and interest rate strategies to enhance risk-adjusted returns and to mitigate market volatility.

The fund commenced operations in December 2006 and is structured as a Delaware-incorporated, closed-end investment company. Shares of HGLB trade on the NASDAQ under the ticker HGLB, offering investors regular quarterly distributions. By blending global market insights with active risk management, Highland Global Allocation Fund seeks to deliver a diversified wealth-management solution for investors pursuing both growth and income in a single vehicle.

Key Stats

• Today's Range: $8.18 to $8.44
• 50-Day Range: $8.20 to $9.05
• 52-Week Range: $6.62 to $9.11
• Volume: 133,155 shs
• Average Volume: 72,729 shs
• Market Capitalization: N/A
• P/E Ratio: N/A
• Dividend Yield: 12.34%
• Price Target: N/A
• Consensus Rating: N/A

HGLB Stock Analysis - Frequently Asked Questions

How have HGLB shares performed this year?

Highland Global Allocation Fund's stock was trading at $6.81 at the beginning of the year. Since then, HGLB stock has increased by 21.4% and is now trading at $8.2650.

How do I buy shares of Highland Global Allocation Fund?

Shares of HGLB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Highland Global Allocation Fund own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Highland Global Allocation Fund investors own include AGNC Investment (AGNC), Medical Properties Trust (MPW), Annaly Capital Management (NLY), Oxford Lane Capital (OXLC), Oxford Square Capital (OXSQ), Enterprise Products Partners (EPD) and Cornerstone Strategic Investment Fund (CLM).

Company Calendar

• Record date for 6/30 Dividend: 6/23/2025
• Ex-Dividend for 6/30 Dividend: 6/23/2025
• Record date for 6/30 Dividend: 6/23/2025
• Ex-Dividend for 6/30 Dividend: 6/23/2025
• Dividend Payable: 6/30/2025
• Dividend Payable: 6/30/2025
• Today: 7/18/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: N/A
• Industry: -
• Sub-Industry: N/A
• Current Symbol: NASDAQ:HGLB
• CIK: 1622148
• Web: www.highlandfundadvisors.com
• Phone: 214-276-6300
• Fax: N/A
• Employees: 147,000
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $39.36 million
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: N/A
• Free Float: N/A
• Market Cap: N/A
• Optionable: Not Optionable
• Beta: N/A