Highland Global Allocation Fund

Highland Global Allocation Fundverified

HGLB

Price:

$7.785

Market Cap:

$177.93M

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 PE Ratio as of September 2024 (TTM) for Highland Global Allocation Fund (HGLB) is 9.73

According to Highland Global Allocation Fund’s latest financial reports and current stock price. The company's current PE Ratio is 9.73. This represents a change of Infinity% compared to the average of 0 of the last 4 quarters.

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

How has HGLB PE Ratio performed in the past?

The mean historical PE Ratio of Highland Global Allocation Fund over the last ten years is 0.13. The current 9.73 PE Ratio has changed 771.39% with respect to the historical average. Over the past ten years (40 quarters), HGLB's PE Ratio was at its highest in in the March 2019 quarter at 0. The PE Ratio was at its lowest in in the March 2019 quarter at 0.

Quarterly (TTM)
Annual

Average

0.13

Median

0

Minimum

-12.81

Maximum

13.01

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

Discovering the peaks and valleys of Highland Global Allocation Fund PE 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 = 358.17%

Maximum Annual PE Ratio = 13.01

Minimum Annual Increase = -217.75%

Minimum Annual PE Ratio = -12.81

Quarterly (TTM)
Annual
YearPE RatioChange
20230-100.00%
202213.01358.17%
20212.84-217.75%
2020-2.41-81.17%

Highland Global Allocation Fund (HGLB) Average PE Ratio

How has HGLB PE Ratio performed in the past?

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

3-year avg

5.29

5-year avg

0.13

10-year avg

0.13

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

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

Highland Global Allocation Fund’s PE Ratio is greater than PIMCO Energy and Tactical Credit Opportunities Fund (0), greater than Neuberger Berman Next Generation Connectivity Fund Inc. (0), greater than DoubleLine Yield Opportunities Fund (0), greater than DoubleLine Income Solutions Fund (6.51), greater than Clough Global Equity Fund (6.44), less than Virtus Convertible & Income Fund (31.30), greater than Virtus Convertible & Income 2024 Target Term Fund (0), less than MFS Investment Grade Municipal Trust (28.45), greater than Eaton Vance Senior Income Trust (3.54), less than High Income Securities Fund (20.10), greater than RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (7.28), greater than Cornerstone Total Return Fund, Inc. (5.89), greater than Oxford Lane Capital Corp. (2.71), less than Horizon Technology Finance Corporation (60.12), greater than Brookfield Real Assets Income Fund Inc. (9.64), greater than Guggenheim Strategic Opportunities Fund (7.27), greater than Cornerstone Strategic Value Fund, Inc. (5.24), greater than abrdn Global Premier Properties Fund (-28.85), greater than Cohen & Steers Quality Income Realty Fund, Inc. (6.91), greater than Cohen & Steers REIT and Preferred Income Fund, Inc. (6.61), less than Neuberger Berman Real Estate Securities Income Fund Inc. (21.88), greater than Eaton Vance Tax-Managed Diversified Equity Income Fund (3.83),

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