TCW Strategic Income Fund, Inc. (NYSE:TSI) Director Sells $54,858.92 in Stock

TCW Strategic Income Fund, Inc. (NYSE:TSI) Director Andrew Tarica sold 10,799 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $5.08, for a total transaction of $54,858.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 stock was 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 shares were sold at an average price of $5.04, for a total value of $61,992.00.

TCW Strategic Income Fund Price Performance

TSI stock opened at $4.94 on Friday. The company has a fifty day moving average price of $5.07 and a 200-day moving average price of $4.89. TCW Strategic Income Fund, Inc. has a 52-week low of $4.52 and a 52-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. Shareholders of record on Monday, September 30th were issued a dividend of $0.06 per share. The ex-dividend date was Monday, September 30th. This represents a $0.24 annualized dividend and a yield of 4.86%.

Institutional Investors Weigh In On TCW Strategic Income Fund

A number of institutional investors have recently modified their holdings of TSI. Comerica Bank bought a new stake in TCW Strategic Income Fund in the first quarter worth approximately $29,000. Merriman Wealth Management LLC acquired a new position in shares of TCW Strategic Income Fund during the 2nd quarter valued at $48,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake 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 worth $62,000 after acquiring an additional 2,010 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in TCW Strategic Income Fund in the second quarter worth $68,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in TCW Strategic Income Fund in the second quarter worth $108,000. 35.22% of the stock is owned by institutional investors.

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.