Insider Buying: TCW Strategic Income Fund (NYSE:TSI) Director Purchases 179,522 Shares of Stock

TCW Strategic Income Fund, Inc. (NYSE:TSI) Director Peter Mcmillan bought 179,522 shares of the stock in a transaction dated Thursday, February 12th. The stock was purchased at an average price of $4.73 per share, with a total value of $849,139.06. Following the acquisition, the director directly owned 200,000 shares in the company, valued at approximately $946,000. The trade was a 876.66% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, February 11th, Peter Mcmillan purchased 10,478 shares of TCW Strategic Income Fund stock. The shares were purchased at an average price of $4.74 per share, for a total transaction of $49,665.72.

TCW Strategic Income Fund Stock Performance

TCW Strategic Income Fund stock traded down $0.02 during midday trading on Thursday, reaching $4.72. The stock had a trading volume of 935,594 shares, compared to its average volume of 153,373. TCW Strategic Income Fund, Inc. has a 52-week low of $4.58 and a 52-week high of $5.06. The company has a fifty day moving average of $4.90 and a 200 day moving average of $4.93.

TCW Strategic Income Fund Increases Dividend

The firm also recently declared 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. 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. This represents a c) annualized dividend and a dividend yield of 7.2%.

Institutional Trading of TCW Strategic Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sit Investment Associates Inc. boosted its stake in shares of TCW Strategic Income Fund by 8.1% during the fourth quarter. Sit Investment Associates Inc. now owns 10,208,852 shares of the financial services provider’s stock valued at $50,432,000 after purchasing an additional 766,863 shares during the period. JP Wealth Management Inc. lifted its position in shares of TCW Strategic Income Fund by 7.7% in the 4th quarter. JP Wealth Management Inc. now owns 3,237,474 shares of the financial services provider’s stock worth $15,993,000 after purchasing an additional 231,451 shares during the period. Diversified Management Inc. purchased a new stake in shares of TCW Strategic Income Fund in the 4th quarter worth approximately $5,002,000. Riverbridge Partners LLC boosted its stake in shares of TCW Strategic Income Fund by 19.9% during the fourth 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 in the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in TCW Strategic Income Fund during the second quarter valued at approximately $772,000. 35.22% of the stock is currently owned by 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.