Neuberger Berman Energy Infrastructure and Income Fund (NYSEAMERICAN:NML) Portfolio Manager Douglas Rachlin Buys 40,000 Shares of Stock

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) Portfolio Manager Douglas Rachlin bought 40,000 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was acquired at an average cost of $8.55 per share, for a total transaction of $342,000.00. Following the purchase, the portfolio manager owned 418,817 shares of the company’s stock, valued at $3,580,885.35. This trade represents a 10.56% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Neuberger Berman Energy Infrastructure and Income Fund Stock Performance

Shares of NML opened at $8.41 on Wednesday. The company has a 50-day moving average price of $8.43 and a two-hundred day moving average price of $8.58. Neuberger Berman Energy Infrastructure and Income Fund Inc. has a 12 month low of $7.10 and a 12 month high of $9.51.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Monday, November 17th will be given a dividend of $0.0584 per share. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date is Monday, November 17th. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio (DPR) is -227.59%.

Institutional Trading of Neuberger Berman Energy Infrastructure and Income Fund

Large investors have recently bought and sold shares of the stock. Ameritas Advisory Services LLC acquired a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund in the 2nd quarter valued at $29,000. Monetary Management Group Inc. lifted its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 30.0% during the 2nd quarter. Monetary Management Group Inc. now owns 5,200 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 1,200 shares during the last quarter. Traub Capital Management LLC acquired a new position in Neuberger Berman Energy Infrastructure and Income Fund in the second quarter valued at about $49,000. Adapt Wealth Advisors LLC acquired a new position in Neuberger Berman Energy Infrastructure and Income Fund in the third quarter valued at about $129,000. Finally, MGB Wealth Management LLC bought a new stake in Neuberger Berman Energy Infrastructure and Income Fund during the first quarter worth about $134,000.

Neuberger Berman Energy Infrastructure and Income Fund Company Profile

Neuberger Berman Energy Infrastructure and Income Fund Inc is a closed ended fund of fund launched and managed by Neuberger Berman Management LLC. It is co-managed by Neuberger Berman LLC. The fund invests in the public equity markets. It primarily invests in master limited partnerships and limited liability companies.