Insider Selling: TCW Strategic Income Fund, Inc. (NYSE:TSI) Director Sells 12,300 Shares of Stock

TCW Strategic Income Fund, Inc. (NYSE:TSI) Director Andrew Tarica sold 12,300 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $5.04, for a total value of $61,992.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

TCW Strategic Income Fund Trading Down 1.4 %

Shares of NYSE:TSI opened at $5.02 on Friday. The firm’s 50 day simple moving average is $5.09 and its 200 day simple moving average is $4.88. TCW Strategic Income Fund, Inc. has a fifty-two week low of $4.52 and a fifty-two week high of $5.21.

TCW Strategic Income Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.78%.

Institutional Trading of TCW Strategic Income Fund

Hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its position in TCW Strategic Income Fund by 413.0% in the 3rd quarter. International Assets Investment Management LLC now owns 237,940 shares of the financial services provider’s stock valued at $1,221,000 after acquiring an additional 191,558 shares in the last quarter. SeaBridge Investment Advisors LLC grew its stake in shares of TCW Strategic Income Fund by 24.3% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 577,399 shares of the financial services provider’s stock worth $2,737,000 after acquiring an additional 113,047 shares in the last quarter. Tortoise Investment Management LLC acquired a new stake in shares of TCW Strategic Income Fund in the second quarter valued at approximately $490,000. Calamos Advisors LLC acquired a new position in TCW Strategic Income Fund during the second quarter worth $133,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in TCW Strategic Income Fund in the 2nd quarter valued at $108,000. Institutional investors and hedge funds own 35.22% of the company’s stock.

About TCW Strategic Income Fund

TCW Strategic Income Fund, Inc is a close-ended balanced mutual fund launched by The TCW Group, Inc The fund is managed by TCW Investment Management Company. It invests in the public equity and fixed income markets of the United States. The fund makes its investments in securities of companies operating across diversified sectors.