Private Management Group Inc. Has $5.14 Million Stock Holdings in Neuberger Berman Energy Infrastructure and Income Fund Inc. $NML

Private Management Group Inc. trimmed its position in Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) by 31.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 507,125 shares of the investment management company’s stock after selling 234,682 shares during the quarter. Private Management Group Inc.’s holdings in Neuberger Berman Energy Infrastructure and Income Fund were worth $5,142,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Bank of America Corp DE grew its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 6.7% during the first quarter. Bank of America Corp DE now owns 3,827,535 shares of the investment management company’s stock worth $40,227,000 after purchasing an additional 240,841 shares during the period. Saba Capital Management L.P. increased its position in Neuberger Berman Energy Infrastructure and Income Fund by 23.1% during the first quarter. Saba Capital Management L.P. now owns 1,743,054 shares of the investment management company’s stock worth $18,319,000 after buying an additional 326,572 shares during the last quarter. UBS Group AG raised its stake in Neuberger Berman Energy Infrastructure and Income Fund by 0.6% in the fourth quarter. UBS Group AG now owns 852,408 shares of the investment management company’s stock valued at $7,245,000 after buying an additional 4,775 shares during the period. Ameriprise Financial Inc. raised its stake in Neuberger Berman Energy Infrastructure and Income Fund by 27.7% in the third quarter. Ameriprise Financial Inc. now owns 314,819 shares of the investment management company’s stock valued at $2,747,000 after buying an additional 68,348 shares during the period. Finally, Focus Partners Wealth lifted its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 1,070.6% in the fourth quarter. Focus Partners Wealth now owns 270,370 shares of the investment management company’s stock valued at $2,298,000 after buying an additional 247,273 shares during the last quarter.

Neuberger Berman Energy Infrastructure and Income Fund Trading Up 0.7%

Shares of NYSEAMERICAN NML opened at $10.51 on Friday. Neuberger Berman Energy Infrastructure and Income Fund Inc. has a 12 month low of $7.89 and a 12 month high of $10.95. The stock has a 50 day moving average of $10.31 and a 200-day moving average of $10.17.

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be paid a $0.0701 dividend. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date is Monday, August 17th. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio is -227.59%.

Neuberger Berman Energy Infrastructure and Income Fund Profile

Neuberger Berman Energy Infrastructure and Income Fund (NYSE American: NML) is a closed-end management investment company focused on generating attractive levels of current income by investing primarily in energy infrastructure companies. The fund’s portfolio is anchored by publicly traded master limited partnerships (MLPs) and other energy-related equity securities, with an emphasis on midstream operators engaged in activities such as crude oil and natural gas gathering, processing, transportation and storage.

Through its core investments in North American energy infrastructure, the fund seeks to capture distribution yields and potential long-term capital appreciation associated with essential oil and gas systems.