Hartline Investment Corp Purchases New Shares in TCW Strategic Income Fund, Inc. (NYSE:TSI)

Hartline Investment Corp purchased a new stake in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 22,466 shares of the financial services provider’s stock, valued at approximately $108,000.

A number of other hedge funds also recently bought and sold shares of TSI. 1607 Capital Partners LLC raised its stake in shares of TCW Strategic Income Fund by 0.9% in the fourth quarter. 1607 Capital Partners LLC now owns 2,140,869 shares of the financial services provider’s stock valued at $9,827,000 after acquiring an additional 18,200 shares during the period. Raymond James & Associates raised its stake in shares of TCW Strategic Income Fund by 5.6% in the first quarter. Raymond James & Associates now owns 985,051 shares of the financial services provider’s stock valued at $4,738,000 after acquiring an additional 51,954 shares during the period. Relative Value Partners Group LLC raised its stake in shares of TCW Strategic Income Fund by 162.3% in the fourth quarter. Relative Value Partners Group LLC now owns 777,057 shares of the financial services provider’s stock valued at $3,567,000 after acquiring an additional 480,813 shares during the period. SeaBridge Investment Advisors LLC raised its stake in shares of TCW Strategic Income Fund by 4.7% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 439,905 shares of the financial services provider’s stock valued at $2,019,000 after acquiring an additional 19,659 shares during the period. Finally, International Assets Investment Management LLC raised its stake in shares of TCW Strategic Income Fund by 310.6% in the fourth quarter. International Assets Investment Management LLC now owns 212,893 shares of the financial services provider’s stock valued at $977,000 after acquiring an additional 161,038 shares during the period. Hedge funds and other institutional investors own 35.22% of the company’s stock.

TCW Strategic Income Fund Trading Up 1.7 %

TSI stock traded up $0.08 during trading on Friday, hitting $4.83. The company had a trading volume of 223,472 shares, compared to its average volume of 123,885. TCW Strategic Income Fund, Inc. has a 52-week low of $4.48 and a 52-week high of $4.87. The company has a 50 day simple moving average of $4.66 and a 200-day simple moving average of $4.68.

TCW Strategic Income Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend is Friday, June 28th.

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.