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Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Highland Global Allocation Fund's selling, general, & admin. expense for the
six
months ended in Mar. 2026 was $0.59 Mil.
Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was $1.24 Mil.
Highland Global Allocation Fund (NYSE:HGLB) Selling, General, & Admin. Expense Explanation
An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.
Warren Buffett likes companies with consistent SGA as the percentage of gross profit.
Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.
If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.
Highland Global Allocation Fund Selling, General, & Admin. Expense Related Terms
Highland Global Allocation Fund Selling, General, & Admin. Expense Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Highland Global Allocation Fund Selling, General, & Admin. Expense Chart
HGLB vs FLC, DHF, ECF: Selling, General, & Admin. Expense Comparison
For the Asset Management subindustry, Highland Global Allocation Fund's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Highland Global Allocation Fund Selling, General, & Admin. Expense vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Highland Global Allocation Fund's Selling, General, & Admin. Expense distribution charts can be found below:
* The bar in red indicates where Highland Global Allocation Fund's Selling, General, & Admin. Expense falls into.
Highland Global Allocation Fund Selling, General, & Admin. Expense Calculation
Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.
Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was $1.24 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Selling, General, & Admin. Expense of $1.24 Mil mean?
Highland Global Allocation Fund (HGLB) has a Selling, General, & Admin. Expense of $1.24 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Highland Global Allocation Fund and its competitors.
Is Highland Global Allocation Fund's Selling, General, & Admin. Expense too high?
Highland Global Allocation Fund's current Selling, General, & Admin. Expense is $1.24 Mil. Overall, Highland Global Allocation Fund has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Highland Global Allocation Fund's Selling, General, & Admin. Expense compare to FLC and DHF?
Highland Global Allocation Fund's Selling, General, & Admin. Expense of $1.24 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for an Asset Management company?
A good Selling, General, & Admin. Expense depends on the Asset Management industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Highland Global Allocation Fund and its competitors. Highland Global Allocation Fund's current Selling, General, & Admin. Expense is $1.24 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highland Global Allocation Fund stock overvalued right now?
Based on GuruFocus' analysis, Highland Global Allocation Fund (HGLB) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.94, compared to a current price of $7.39 — trading 87.6% above its estimated fair value. The current Selling, General, & Admin. Expense is $1.24 Mil. Highland Global Allocation Fund's overall GF Score™ is 46/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Highland Global Allocation Fund (HGLB), the current Selling, General, & Admin. Expense is $1.24 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Highland Global Allocation Fund (HGLB) Overvalued in 2026?
Based on GuruFocus' analysis, Highland Global Allocation Fund stock appears to be overvalued.
The current stock price of $7.39 is trading 87.6% above its estimated GF Value™ of $3.94.
GuruFocus considers Highland Global Allocation Fund to be Significantly Overvalued.
Key valuation signals for HGLB:
Selling, General, & Admin. Expense: $1.24 Mil
GF Value™: $3.94 vs. price of $7.39 (87.6% above fair value)
No single metric tells the full story. See the HGLB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Highland Global Allocation Fund Business Description
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.
46GF Score
Get the complete analysis for HGLB
Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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