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PRNewswire (Tue, 7-Oct 9:04 AM ET)
Highland Global Allocation Fund Declares Monthly Distributions of $0.088 Per Share
PRNewswire (Wed, 1-Oct 5:02 PM ET)
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 December 26, 2025, HGLB stock price declined to $9.16 with 39,441 million shares trading.
HGLB has a beta of 0.89, meaning it tends to be less sensitive to market movements. HGLB has a correlation of 0.29 to the broad based SPY ETF.
HGLB has a market cap of $206.12 million. This is considered a Small 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 +44.5%, while the SPY ETF gained +16.0%. In the last 3 month period, HGLB beat the market returning +4.7%, while SPY returned +4.6%. However, in the most recent 2 weeks HGLB has underperformed the stock market by returning +0.7%, while SPY returned +1.5%.
HGLB support price is $9.00 and resistance is $9.44 (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.
