HGLB
Highland Global Allocation FundHGLB
HGLB
About: 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.
0
Funds holding %
of 6,831 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
27% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 11
3.88% less ownership
Funds ownership: 32.18% [Q2] → 28.3% (-3.88%) [Q3]
8% less capital invested
Capital invested by funds: $55.4M [Q2] → $50.7M (-$4.68M) [Q3]
21% less funds holding
Funds holding: 38 [Q2] → 30 (-8) [Q3]
88% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 8
Research analyst outlook
We haven’t received any recent analyst ratings for HGLB.
Financial journalist opinion
Neutral
Seeking Alpha
2 weeks ago
Closed-End Funds: Screening For Potential Opportunites To Kick Off Q1 2025
The closed-end fund space saw a significant narrowing of discounts throughout 2024 as equity markets charged higher and now discounts remain tight heading into 2025. In particular, equity CEFs have seen significantly narrowed discounts along with taxable fixed-income, though municipal bond funds look relatively attractive after widening discounts in December. We are screening for funds with the deepest discounts and widest z-scores to find potential buys and funds that may be getting a bit pricey as sell candidates.
Neutral
PRNewsWire
3 weeks ago
Highland Global Allocation Fund Declares Monthly Distributions of $0.088 Per Share
DALLAS , Jan. 2, 2025 /PRNewswire/ -- Highland Global Allocation Fund (NYSE: HGLB) ("the "Fund") today announced the declaration of monthly distributions of $0.088 per share, payable on the dates noted below. Under the Fund's level distribution policy, the annual distribution rate has been reset to an amount equal to 8.5% of the average of the Fund's net asset value ("NAV") per share, as reported for the final five trading days of the 2024 calendar year.
Neutral
PRNewsWire
3 months ago
Highland Global Allocation Fund Declares Monthly Distributions of $0.081 Per Share
DALLAS , Oct. 1, 2024 /PRNewswire/ -- Highland Global Allocation Fund (NYSE: HGLB) ("the "Fund") today announced the declaration of monthly distributions of $0.081 per share, payable on the dates noted below. Under the Fund's level distribution policy, the annual distribution rate has been reset to an amount equal to 8.5% of the average of the Fund's net asset value ("NAV") per share, as reported for the final five trading days of the 2023 calendar year.
Positive
Seeking Alpha
5 months ago
HGLB: Tempting 12.5% Yield, Trading At A Substantial Discount To NAV
Highland Global Allocation Fund offers a monthly dividend with an annual yield of 12.5% at a current market price of $7.80. Managed by James Dondero, HGLB seeks above-average risk-adjusted total returns by investing in U.S. and foreign equities, fixed-income securities, and alternative investments. HGLB trades at a substantial discount to NAV, has a concentrated portfolio, and relies heavily on a single private company, posing potential risks for investors.
Neutral
PRNewsWire
6 months ago
Highland Global Allocation Fund Declares Monthly Distributions of $0.081 Per Share
DALLAS , July 1, 2024 /PRNewswire/ -- Highland Global Allocation Fund (NYSE: HGLB) ("the "Fund") today announced the declaration of monthly distributions of $0.081 per share, payable on the dates noted below. Under the Fund's level distribution policy, the annual distribution rate has been reset to an amount equal to 8.5% of the average of the Fund's net asset value ("NAV") per share, as reported for the final five trading days of the 2023 calendar year.
Neutral
PRNewsWire
9 months ago
Highland Global Allocation Fund Declares Monthly Distributions of $0.081 Per Share
DALLAS, April 1, 2024 /PRNewswire/ -- Highland Global Allocation Fund (NYSE: HGLB) ("the "Fund") today announced the declaration of monthly distributions of $0.081 per share, payable on the dates noted below. Under the Fund's level distribution policy, the annual distribution rate has been reset to an amount equal to 8.5% of the average of the Fund's net asset value ("NAV") per share, as reported for the final five trading days of the 2023 calendar year.
Neutral
PRNewsWire
1 year ago
Highland Global Allocation Fund Declares Monthly Distributions of $0.081 Per Share
DALLAS , Jan. 2, 2024 /PRNewswire/ -- Highland Global Allocation Fund (NYSE: HGLB) ("the "Fund") today announced the declaration of monthly distributions of $0.081 per share, payable on the dates noted below. Under the Fund's level distribution policy, the annual distribution rate has been reset to an amount equal to 8.5% of the average of the Fund's net asset value ("NAV") per share, as reported for the final five trading days of the 2023 calendar year.
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