Highland Global Allocation Fund (HGLB)
Financial Services · NYQ
Fundamentals
Valuation and ratings
Highland Global Allocation Fund trades at USD7.34, which is 54% above the USD3.40 our discounted cash flow model puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 5 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 18.9 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
HGLB dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD0.595 | 7 |
| 2025 | USD1.06 | 12 |
| 2024 | USD0.972 | 12 |
| 2023 | USD1.01 | 12 |
| 2022 | USD0.972 | 12 |
| 2021 | USD0.852 | 12 |
| 2020 | USD1.01 | 12 |
| 2019 | USD1.06 | 10 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
HGLB passes 1 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is Highland Global Allocation Fund (HGLB) undervalued?
Against our discounted cash flow estimate of USD3.40, HGLB at USD7.34 is 54% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is HGLB's P/E ratio?
HGLB trades at 18.9 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Highland Global Allocation Fund (HGLB) pay a dividend?
Yes. Highland Global Allocation Fund yields 13.64% at the current share price. It has paid USD1.03 per share over the trailing twelve months. It has paid a dividend in each of the last 7 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.