Hara Capital LLC Takes $3.41 Million Position in TCW Strategic Income Fund, Inc. $TSI

Key Points

• Hara Capital LLC acquired 755,114 shares of TCW Strategic Income Fund during the second quarter, valued at approximately $3.41 million. The position represents about 1.8% of Hara Capital’s portfolio and 1.58% of TSI’s outstanding shares.
• Institutional investors and hedge funds own approximately 35.22% of TSI, with several firms initiating new positions in recent quarters.
• TSI shares opened at $4.38, near their 52-week low, while the fund declared a monthly dividend of $0.0283, implying an annualized 7.8% yield.

Hara Capital LLC bought a new position in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 755,114 shares of the financial services provider's stock, valued at approximately $3,406,000. TCW Strategic Income Fund makes up about 1.8% of Hara Capital LLC's investment portfolio, making the stock its 15th largest position. Hara Capital LLC owned approximately 1.58% of TCW Strategic Income Fund at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fifth Third Bancorp purchased a new position in TCW Strategic Income Fund in the 1st quarter valued at approximately $36,000. Flatrock Wealth Partners LLC acquired a new stake in TCW Strategic Income Fund in the first quarter valued at $48,000. Focus Partners Wealth purchased a new position in shares of TCW Strategic Income Fund in the first quarter valued at $50,000. Concurrent Investment Advisors LLC purchased a new position in shares of TCW Strategic Income Fund in the fourth quarter valued at $51,000. Finally, Private Advisor Group LLC acquired a new position in shares of TCW Strategic Income Fund during the 3rd quarter worth $68,000. 35.22% of the stock is owned by institutional investors and hedge funds.

TCW Strategic Income Fund Price Performance

Shares of NYSE TSI opened at $4.38 on Friday. TCW Strategic Income Fund, Inc. has a 52 week low of $4.37 and a 52 week high of $5.06. The company's 50-day moving average price is $4.44 and its 200 day moving average price is $4.54.

TCW Strategic Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be issued a $0.0283 dividend. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Monday, August 17th.

TCW Strategic Income Fund Profile

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.

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