Neuberger Berman Energy Infrastructure and Income Fund (NYSEAMERICAN:NML) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $8.51 and traded as high as $8.67. Neuberger Berman Energy Infrastructure and Income Fund shares last traded at $8.64, with a volume of 207,833 shares traded.

Neuberger Berman Energy Infrastructure and Income Fund Stock Performance

The company’s 50 day moving average price is $8.51 and its 200-day moving average price is $8.53.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be issued a dividend of $0.0584 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a c) annualized dividend and a yield of 8.1%. Neuberger Berman Energy Infrastructure and Income Fund’s payout ratio is presently -227.59%.

Insider Activity at Neuberger Berman Energy Infrastructure and Income Fund

In related news, Portfolio Manager Douglas A. Rachlin purchased 40,000 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was bought at an average price of $8.55 per share, with a total value of $342,000.00. Following the completion of the purchase, 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Hedge Funds Weigh In On Neuberger Berman Energy Infrastructure and Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Advisory Services LLC acquired a new stake in Neuberger Berman Energy Infrastructure and Income Fund during the 2nd quarter valued at approximately $29,000. Astoria Portfolio Advisors LLC. increased its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 10.2% during the second quarter. Astoria Portfolio Advisors LLC. now owns 16,320 shares of the investment management company’s stock worth $141,000 after buying an additional 1,507 shares during the period. Uhlmann Price Securities LLC increased its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 7.2% during the second quarter. Uhlmann Price Securities LLC now owns 218,623 shares of the investment management company’s stock worth $1,968,000 after buying an additional 14,616 shares during the period. Wolverine Asset Management LLC raised its stake in Neuberger Berman Energy Infrastructure and Income Fund by 108.0% during the second quarter. Wolverine Asset Management LLC now owns 414,695 shares of the investment management company’s stock worth $3,732,000 after buying an additional 215,348 shares during the last quarter. Finally, IFG Advisory LLC lifted its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 10.4% in the second quarter. IFG Advisory LLC now owns 154,607 shares of the investment management company’s stock valued at $1,391,000 after buying an additional 14,526 shares during the period.

Neuberger Berman Energy Infrastructure and Income Fund Company Profile

Neuberger Berman Energy Infrastructure and Income Fund (NYSE American: NML) is a closed-end management investment company focused on generating attractive levels of current income by investing primarily in energy infrastructure companies. The fund’s portfolio is anchored by publicly traded master limited partnerships (MLPs) and other energy-related equity securities, with an emphasis on midstream operators engaged in activities such as crude oil and natural gas gathering, processing, transportation and storage.

Through its core investments in North American energy infrastructure, the fund seeks to capture distribution yields and potential long-term capital appreciation associated with essential oil and gas systems.