Insider Selling: TCW Strategic Income Fund, Inc. (NYSE:TSI) Director Sells 10,799 Shares of Stock

TCW Strategic Income Fund, Inc. (NYSE:TSI) Director Andrew Tarica sold 10,799 shares of TCW Strategic Income Fund stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $5.08, for a total transaction of $54,858.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Andrew Tarica also recently made the following trade(s):

• On Thursday, November 7th, Andrew Tarica sold 1,500 shares of TCW Strategic Income Fund stock. The shares were sold at an average price of $5.10, for a total value of $7,650.00.
• On Tuesday, November 5th, Andrew Tarica sold 12,300 shares of TCW Strategic Income Fund stock. The stock was sold at an average price of $5.04, for a total value of $61,992.00.

TCW Strategic Income Fund Stock Down 0.2 %

Shares of TSI stock traded down $0.01 during trading on Tuesday, reaching $5.01. The company had a trading volume of 12,525 shares, compared to its average volume of 107,980. The firm’s 50 day simple moving average is $5.08 and its two-hundred day simple moving average is $4.89. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 4.79%. The ex-dividend date was Monday, September 30th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TSI. Comerica Bank acquired a new position in shares of TCW Strategic Income Fund during the 1st quarter worth $29,000. Merriman Wealth Management LLC bought a new position in shares of TCW Strategic Income Fund in the second quarter worth $48,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in TCW Strategic Income Fund by 19.9% during 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 purchasing an additional 2,010 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of TCW Strategic Income Fund during the second quarter valued at about $68,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of TCW Strategic Income Fund during the second quarter valued at about $108,000. 35.22% of the stock is currently owned by institutional investors.

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.