Highland Global Allocation Fund

Highland Global Allocation Fundverified

HGLB

Price:

$7.84

Market Cap:

$179.18M

Highland Global Allocation Fund acts as closed-end investment fund. Its 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. The company was founded on April 9, 2013 and is headquartered in Dallas, Texas.[Read more]

Industry

Asset Management - Global

IPO Date

2019-03-01

Stock Exchange

NYSE

Ticker

HGLB

The Current Ratio as of September 2024 (TTM) for Highland Global Allocation Fund (HGLB) is 104.42

According to Highland Global Allocation Fund’s latest financial reports and current stock price. The company's current Current Ratio is 104.42. This represents a change of -6.11% compared to the average of 111.21 of the last 4 quarters.

Highland Global Allocation Fund (HGLB) Historical Current Ratio (quarterly & annually)

How has HGLB Current Ratio performed in the past?

The mean historical Current Ratio of Highland Global Allocation Fund over the last ten years is 84.52. The current 104.42 Current Ratio has changed 12.25% with respect to the historical average. Over the past ten years (40 quarters), HGLB's Current Ratio was at its highest in in the March 2020 quarter at 464.79. The Current Ratio was at its lowest in in the March 2021 quarter at 0.

Quarterly (TTM)
Annual

Average

84.52

Median

73.04

Minimum

2.02

Maximum

195.57

Highland Global Allocation Fund (HGLB) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Highland Global Allocation Fund Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 2.25%

Maximum Annual Current Ratio = 195.57

Minimum Annual Increase = -46.61%

Minimum Annual Current Ratio = 2.02

Quarterly (TTM)
Annual
YearCurrent RatioChange
2023104.42-46.61%
2022195.57167.74%
202173.0453.66%
202047.542.25%

Highland Global Allocation Fund (HGLB) Average Current Ratio

How has HGLB Current Ratio performed in the past?

The current Current Ratio of Highland Global Allocation Fund (HGLB) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

124.34

5-year avg

84.52

10-year avg

84.52

Highland Global Allocation Fund (HGLB) Current Ratio vs. Peers

How is HGLB’s Current Ratio compared to its peers?

Highland Global Allocation Fund’s Current Ratio is greater than PIMCO Energy and Tactical Credit Opportunities Fund (0.59), greater than Neuberger Berman Next Generation Connectivity Fund Inc. (0.69), greater than DoubleLine Yield Opportunities Fund (3.26), greater than DoubleLine Income Solutions Fund (0), greater than Clough Global Equity Fund (0), greater than Virtus Convertible & Income Fund (0.19), greater than Virtus Convertible & Income 2024 Target Term Fund (2.04), greater than MFS Investment Grade Municipal Trust (3.11), greater than Eaton Vance Senior Income Trust (0), greater than High Income Securities Fund (1.17), greater than RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (0), greater than Cornerstone Total Return Fund, Inc. (0), greater than Oxford Lane Capital Corp. (29.51), greater than Horizon Technology Finance Corporation (6.38), greater than Brookfield Real Assets Income Fund Inc. (0), greater than Guggenheim Strategic Opportunities Fund (0), greater than Cornerstone Strategic Value Fund, Inc. (0), greater than abrdn Global Premier Properties Fund (0.03), greater than Cohen & Steers Quality Income Realty Fund, Inc. (0), greater than Cohen & Steers REIT and Preferred Income Fund, Inc. (0), greater than Neuberger Berman Real Estate Securities Income Fund Inc. (0), greater than Eaton Vance Tax-Managed Diversified Equity Income Fund (0.19),

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