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 stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $5.04, for a total transaction of $61,992.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

TCW Strategic Income Fund Stock Up 0.6 %

NYSE:TSI traded up $0.03 during trading on Wednesday, reaching $5.09. The company’s stock had a trading volume of 120,431 shares, compared to its average volume of 108,770. The firm has a 50 day moving average of $5.09 and a 200-day moving average of $4.88. TCW Strategic Income Fund, Inc. has a 12 month low of $4.52 and a 12 month high of $5.21.

TCW Strategic Income Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were given a dividend of $0.06 per share. The ex-dividend date was Monday, September 30th. This represents a $0.24 annualized dividend and a dividend yield of 4.72%.

Hedge Funds Weigh In On TCW Strategic Income Fund

Hedge funds have recently bought and sold shares of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in TCW Strategic Income Fund by 19.9% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 12,119 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 2,010 shares during the period. International Assets Investment Management LLC lifted its holdings in TCW Strategic Income Fund by 413.0% in the third quarter. International Assets Investment Management LLC now owns 237,940 shares of the financial services provider’s stock worth $1,221,000 after buying an additional 191,558 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of TCW Strategic Income Fund during the second quarter valued at approximately $68,000. Merriman Wealth Management LLC purchased a new stake in shares of TCW Strategic Income Fund in the 2nd quarter worth about $48,000. Finally, Transatlantique Private Wealth LLC increased its stake in shares of TCW Strategic Income Fund by 36.7% during the second quarter. Transatlantique Private Wealth LLC now owns 56,565 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 15,190 shares in the last quarter. Hedge funds and other institutional investors own 35.22% of the company’s stock.

TCW Strategic Income Fund Company Profile

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.