HGLB Stock Summary and Trading Ideas (Highland Global Allocation | NYSE:HGLB)

Highland Global Allocation Fund is a diversified, closed-end management investment company. The investment objective of the Fund is to seek long-term growth of capital and future income. The Fund seeks to achieve its investment objectives by investing in a portfolio of U.S. and foreign equity, debt and money market securities. It may also invest in senior loans to domestic or foreign corporations, partnerships and other entities that operate in a variety of industries and geographic regions.

Highland Global Allocation trades on the NYSE stock market under the symbol HGLB.

As of January 30, 2026, HGLB stock price climbed to $8.78 with 50,109 million shares trading.

HGLB has a beta of 0.88, meaning it tends to be less sensitive to market movements. HGLB has a correlation of 0.33 to the broad based SPY ETF.

HGLB has a market cap of $197.57 million. This is considered a Micro Cap stock.

In the last 3 years, HGLB traded as high as $10.64 and as low as $6.42.

HGLB has outperformed the market in the last year with a return of +25.7%, while the SPY ETF gained +15.6%. However, in the most recent history, HGLB shares have underperformed the stock market with its stock returning -10.0% in the last 3 month period and -1.5% for the last 2 week period, while SPY has returned +2.1% and 0.0%, respectively.

HGLB support price is $8.57 and resistance is $8.91 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HGLB shares will trade within this expected range on the day.