Insider Buying: TCW Strategic Income Fund (NYSE:TSI) Director Purchases $49,665.72 in Stock

TCW Strategic Income Fund, Inc. (NYSE:TSI) Director Peter Mcmillan purchased 10,478 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was purchased at an average price of $4.74 per share, with a total value of $49,665.72. Following the purchase, the director directly owned 20,478 shares of the company’s stock, valued at $97,065.72. The trade was a 104.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, February 13th, Peter Mcmillan acquired 17,390 shares of TCW Strategic Income Fund stock. The stock was purchased at an average price of $4.71 per share, for a total transaction of $81,906.90.
• On Thursday, February 12th, Peter Mcmillan acquired 179,522 shares of TCW Strategic Income Fund stock. The shares were purchased at an average cost of $4.73 per share, with a total value of $849,139.06.

TCW Strategic Income Fund Price Performance

NYSE:TSI opened at $4.73 on Friday. The business’s fifty day moving average price is $4.89 and its 200 day moving average price is $4.92. TCW Strategic Income Fund, Inc. has a 12 month low of $4.58 and a 12 month high of $5.06.

TCW Strategic Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be issued a $0.0283 dividend. This represents a c) annualized dividend and a dividend 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 Trading of TCW Strategic Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sit Investment Associates Inc. grew its stake in TCW Strategic Income Fund by 8.1% during the 4th 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 last quarter. JP Wealth Management Inc. grew its position in shares of TCW Strategic Income Fund by 7.7% during 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 acquiring an additional 231,451 shares during the last quarter. Diversified Management Inc. acquired a new position in shares of TCW Strategic Income Fund in the 4th quarter valued at $5,002,000. Riverbridge Partners LLC raised its position in TCW Strategic Income Fund by 19.9% in the 4th quarter. Riverbridge Partners LLC now owns 208,992 shares of the financial services provider’s stock valued at $1,032,000 after purchasing an additional 34,639 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in shares of TCW Strategic Income Fund in the second quarter valued at about $772,000. 35.22% of the stock is owned by hedge funds and other institutional investors.

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.