SeaBridge Investment Advisors LLC Has $2.53 Million Stock Position in TCW Strategic Income Fund, Inc. (NYSE:TSI)

SeaBridge Investment Advisors LLC lowered its stake in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 525,061 shares of the financial services provider’s stock after selling 3,066 shares during the period. SeaBridge Investment Advisors LLC’s holdings in TCW Strategic Income Fund were worth $2,526,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Sanctuary Advisors LLC acquired a new stake in TCW Strategic Income Fund in the 2nd quarter valued at about $68,000. International Assets Investment Management LLC raised its stake 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 valued at $1,221,000 after buying an additional 191,558 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of TCW Strategic Income Fund by 19.9% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 12,119 shares of the financial services provider’s stock valued at $62,000 after buying an additional 2,010 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in TCW Strategic Income Fund during the third quarter worth $10,356,000. Finally, Transform Wealth LLC bought a new stake in shares of TCW Strategic Income Fund during the 4th quarter worth about $273,000. Institutional investors and hedge funds own 35.22% of the company’s stock.

Insider Transactions at TCW Strategic Income Fund

In related news, Director Andrew Tarica sold 10,799 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $5.08, for a total value of $54,858.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 24,599 shares of company stock valued at $124,501. 0.16% of the stock is currently owned by corporate insiders.

TCW Strategic Income Fund Trading Up 0.4 %

Shares of NYSE TSI opened at $4.84 on Friday. The business’s 50 day moving average is $4.91 and its 200-day moving average is $4.99. TCW Strategic Income Fund, Inc. has a 1-year low of $4.52 and a 1-year high of $5.21.

TCW Strategic Income Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 4.96%. The ex-dividend date was Tuesday, December 31st.

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.