Private Management Group Inc. Cuts Stock Holdings in Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML)

Private Management Group Inc. trimmed its position in shares of Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 830,201 shares of the investment management company’s stock after selling 24,676 shares during the quarter. Private Management Group Inc.’s holdings in Neuberger Berman Energy Infrastructure and Income Fund were worth $7,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of NML. Penserra Capital Management LLC purchased a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund in the 3rd quarter worth about $4,674,000. Kovitz Investment Group Partners LLC purchased a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund in the 3rd quarter worth about $2,659,000. Stifel Financial Corp boosted its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 0.4% in the 3rd quarter. Stifel Financial Corp now owns 315,280 shares of the investment management company’s stock worth $2,585,000 after buying an additional 1,171 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 1.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 279,721 shares of the investment management company’s stock worth $2,294,000 after buying an additional 3,492 shares during the last quarter. Finally, Cornerstone Wealth Management LLC boosted its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 10.1% in the 4th quarter. Cornerstone Wealth Management LLC now owns 86,768 shares of the investment management company’s stock worth $766,000 after buying an additional 7,942 shares during the last quarter.

Neuberger Berman Energy Infrastructure and Income Fund Trading Down 1.3 %

NYSEAMERICAN NML opened at $9.07 on Friday. Neuberger Berman Energy Infrastructure and Income Fund Inc. has a 52 week low of $6.33 and a 52 week 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, February 28th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.0584 per share. This represents a $0.70 annualized dividend and a dividend yield of 7.73%. The ex-dividend date of this dividend is Tuesday, February 18th. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio is presently -227.59%.

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.