Insider Buying: TCW Strategic Income Fund (NYSE:TSI) Director Buys $81,906.90 in Stock

TCW Strategic Income Fund, Inc. (NYSE:TSI) Director Peter Mcmillan bought 17,390 shares of TCW Strategic Income Fund stock in a transaction that occurred on Friday, February 13th. The shares were acquired at an average cost of $4.71 per share, for a total transaction of $81,906.90. Following the acquisition, the director owned 217,390 shares in the company, valued at $1,023,906.90. The trade was a 8.70% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Peter Mcmillan also recently made the following trade(s):

• On Thursday, February 12th, Peter Mcmillan purchased 179,522 shares of TCW Strategic Income Fund stock. The stock was acquired at an average cost of $4.73 per share, with a total value of $849,139.06.
• On Wednesday, February 11th, Peter Mcmillan purchased 10,478 shares of TCW Strategic Income Fund stock. The shares were acquired at an average price of $4.74 per share, with a total value of $49,665.72.

TCW Strategic Income Fund Stock Up 0.4%

Shares of NYSE:TSI traded up $0.02 on Friday, reaching $4.73. 626,732 shares of the company traded hands, compared to its average volume of 169,158. The business’s 50-day simple moving average is $4.89 and its 200 day simple moving average is $4.92. TCW Strategic Income Fund, Inc. has a 52 week low of $4.58 and a 52 week high of $5.06.

TCW Strategic Income Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 15th will be given a dividend of $0.0283 per share. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Wednesday, April 15th. This is a positive change from TCW Strategic Income Fund’s previous monthly dividend of $0.02.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Diversified Management Inc. bought a new stake in shares of TCW Strategic Income Fund during the 4th quarter valued at about $5,002,000. Sit Investment Associates Inc. lifted its holdings in TCW Strategic Income Fund by 8.1% in the fourth quarter. Sit Investment Associates Inc. now owns 10,208,852 shares of the financial services provider’s stock worth $50,432,000 after buying an additional 766,863 shares during the period. JP Wealth Management Inc. lifted its holdings in TCW Strategic Income Fund by 7.7% in the fourth quarter. JP Wealth Management Inc. now owns 3,237,474 shares of the financial services provider’s stock worth $15,993,000 after buying an additional 231,451 shares during the period. Whipplewood Advisors LLC bought a new stake in TCW Strategic Income Fund during the 2nd quarter valued at approximately $772,000. Finally, Seven Mile Advisory purchased a new position in shares of TCW Strategic Income Fund during the 3rd quarter worth approximately $530,000. Institutional investors own 35.22% of the company’s stock.

About TCW Strategic Income Fund

TCW Strategic Income Fund (NYSE: TSI) is a diversified, closed-end management investment company that seeks to provide total return through high current income and capital appreciation. The fund primarily invests in a broad array of fixed-income securities, including corporate debt, high-yield bonds, mortgage- and asset-backed securities, and emerging market debt. By combining multiple credit sectors with a flexible duration approach, the fund aims to generate attractive yields while managing interest-rate and credit risks in varying market environments.

Under the management of TCW Asset Management Company LLC, a subsidiary of TCW Group founded in 1971, TSI leverages the firm’s deep credit research capabilities and global trading platforms.