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

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

Neuberger Berman Energy Infrastructure and Income Fund Price Performance

NYSEAMERICAN:NML traded down $0.01 during trading hours on Tuesday, hitting $8.41. 143,849 shares of the stock traded hands, compared to its average volume of 193,004. Neuberger Berman Energy Infrastructure and Income Fund Inc. has a 1 year low of $7.10 and a 1 year high of $9.51. The stock has a 50 day moving average price of $8.43 and a 200 day moving average price of $8.58.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Monday, November 17th will be paid a $0.0584 dividend. This represents a c) dividend on an annualized basis and a yield of 8.3%. The ex-dividend date is Monday, November 17th. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio is presently -227.59%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC grew its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 108.0% during the 2nd quarter. Wolverine Asset Management LLC now owns 414,695 shares of the investment management company’s stock valued at $3,732,000 after buying an additional 215,348 shares in the last quarter. Cornerstone Advisors LLC bought a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund during the second quarter worth $1,546,000. Advisors Asset Management Inc. increased its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 16.1% in the 1st quarter. Advisors Asset Management Inc. now owns 1,229,519 shares of the investment management company’s stock valued at $11,066,000 after acquiring an additional 170,873 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 4.0% during the 3rd quarter. Bank of America Corp DE now owns 3,227,379 shares of the investment management company’s stock valued at $28,143,000 after purchasing an additional 123,066 shares during the last quarter. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund during the first quarter valued at about $1,081,000.

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.