Highland Global Allocation Fund (HGLB)
Highland Global Allocation Fund operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Dallas, TX, US. The stock last traded at $7.54, up 0.27% on the session, giving a market capitalisation of $177.9M. On trailing twelve-month figures it carries a trailing P/E of 2.64, a net margin of 96.2%. Its beta of 0.72 implies it has historically moved less than the broad market.
Highland Global Allocation Fund (HGLB) is structured as a closed-end investment vehicle. Its primary objective is to foster sustained capital appreciation and generate a steady stream of income over the long term. The fund accomplishes these goals by strategically deploying capital into a diverse portfolio comprising both domestic and international equities, fixed-income instruments, and money market assets. Established on April 9, 2013, its principal operations are based in Dallas, Texas.
Highland Global Allocation Fund is most often compared with the following Financial Services names: