Insider Buying: Neuberger Berman Energy Infrastructure and Income Fund (NYSEAMERICAN:NML) Portfolio Manager Purchases 40,000 Shares of Stock

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

Neuberger Berman Energy Infrastructure and Income Fund Stock Down 0.1%

NML traded down $0.01 during trading on Tuesday, reaching $8.41. The stock had a trading volume of 143,849 shares, compared to its average volume of 193,004. The business has a 50-day moving average of $8.43 and a 200-day moving average of $8.58. Neuberger Berman Energy Infrastructure and Income Fund Inc. has a one year low of $7.10 and a one year high of $9.51.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The business also recently declared 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. The ex-dividend date is Monday, November 17th. This represents a c) annualized dividend and a dividend yield of 8.3%. Neuberger Berman Energy Infrastructure and Income Fund’s payout ratio is currently -227.59%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund during the second quarter valued at approximately $29,000. Monetary Management Group Inc. boosted its stake in Neuberger Berman Energy Infrastructure and Income Fund by 30.0% during the second quarter. Monetary Management Group Inc. now owns 5,200 shares of the investment management company’s stock worth $47,000 after acquiring an additional 1,200 shares in the last quarter. Traub Capital Management LLC purchased a new stake in Neuberger Berman Energy Infrastructure and Income Fund in the second quarter worth about $49,000. Adapt Wealth Advisors LLC bought a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund during the third quarter valued at approximately $129,000. Finally, MGB Wealth Management LLC purchased a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund during the first quarter valued at approximately $134,000.

About Neuberger Berman Energy Infrastructure and Income Fund

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.