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 that occurred on Tuesday, November 5th. The stock was sold at an average price of $5.04, for a total value of $61,992.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

TCW Strategic Income Fund Stock Performance

Shares of NYSE TSI opened at $5.09 on Thursday. The company’s fifty day moving average is $5.09 and its two-hundred day moving average is $4.88. TCW Strategic Income Fund, Inc. has a one year low of $4.52 and a one year 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 issued a $0.06 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a yield of 4.72%.

Institutional Investors Weigh In On TCW Strategic Income Fund

Institutional investors have recently modified their holdings of the company. Comerica Bank acquired a new position in TCW Strategic Income Fund during the first quarter worth $29,000. Merriman Wealth Management LLC acquired a new position in shares of TCW Strategic Income Fund during the 2nd quarter worth $48,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of TCW Strategic Income Fund by 19.9% during 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 buying an additional 2,010 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of TCW Strategic Income Fund in the 2nd quarter worth about $68,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in TCW Strategic Income Fund in the 2nd quarter valued at about $108,000. Hedge funds and other institutional investors 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.