Private Management Group Inc. Sells 24,676 Shares of Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML)

Private Management Group Inc. trimmed its stake in Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) by 2.9% during the 4th quarter, Holdings Channel reports. The firm 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 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NML. Sanctuary Advisors LLC purchased a new stake in Neuberger Berman Energy Infrastructure and Income Fund in the second quarter worth approximately $218,000. Calamos Advisors LLC boosted its stake in Neuberger Berman Energy Infrastructure and Income Fund by 23.8% in the fourth quarter. Calamos Advisors LLC now owns 49,480 shares of the investment management company’s stock worth $437,000 after buying an additional 9,515 shares in the last quarter. Cornerstone Wealth Management LLC boosted its stake in Neuberger Berman Energy Infrastructure and Income Fund by 10.1% in the fourth 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 in the last quarter. Oppenheimer & Co. Inc. boosted its stake in Neuberger Berman Energy Infrastructure and Income Fund by 1.3% in the third 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 in the last quarter. Finally, Stifel Financial Corp boosted its stake in Neuberger Berman Energy Infrastructure and Income Fund by 0.4% in the third 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 in the last quarter.

Neuberger Berman Energy Infrastructure and Income Fund Trading Down 1.3 %

Shares of NML opened at $9.07 on Friday. Neuberger Berman Energy Infrastructure and Income Fund Inc. has a 1 year low of $6.33 and a 1 year high of $9.51.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be paid a $0.0584 dividend. This represents a $0.70 annualized dividend and a 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 currently -227.59%.

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.