Insider Selling: TCW Strategic Income Fund (NYSE:TSI) Director Sells 29,333 Shares of Stock

Key Points

• Director Robert Gerald Rooney sold 29,333 TSI shares at an average price of $4.26, receiving approximately $124,959. The sale reduced his direct ownership by 55.55% to 23,474 shares.
• TCW Strategic Income Fund shares rose 0.7% to $4.34, trading between a 12-month low of $4.11 and high of $4.98.
• The fund paid a monthly dividend of $0.0283, equivalent to approximately $0.34 annually and a 7.8% yield; institutional investors and hedge funds own 35.22% of the shares.

TCW Strategic Income Fund, Inc. (NYSE:TSI - Get Free Report) Director Robert Gerald Rooney sold 29,333 shares of the firm's stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $4.26, for a total value of $124,958.58. Following the transaction, the director directly owned 23,474 shares of the company's stock, valued at $99,999.24. This represents a 55.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

TCW Strategic Income Fund Trading Up 0.7%

NYSE:TSI traded up $0.03 during trading hours on Monday, reaching $4.34. 89,375 shares of the company's stock were exchanged, compared to its average volume of 162,845. The business's 50-day simple moving average is $4.28 and its two-hundred day simple moving average is $4.50. TCW Strategic Income Fund, Inc. has a 12 month low of $4.11 and a 12 month high of $4.98.

TCW Strategic Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Investors of record on Friday, October 16th were paid a $0.0283 dividend. The ex-dividend date of this dividend was Friday, October 16th. This represents a $0.34 dividend on an annualized basis and a yield of 7.8%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC bought a new stake in TCW Strategic Income Fund during the third quarter valued at about $82,000. International Assets Investment Management LLC increased its holdings in shares of TCW Strategic Income Fund by 955.6% during the third quarter. International Assets Investment Management LLC now owns 280,000 shares of the financial services provider's stock worth $1,204,000 after buying an additional 253,474 shares in the last quarter. LexAurum Advisors LLC acquired a new stake in shares of TCW Strategic Income Fund in the third quarter valued at $79,000. JP Wealth Management Inc. lifted its stake in shares of TCW Strategic Income Fund by 3.5% during the third quarter. JP Wealth Management Inc. now owns 4,652,246 shares of the financial services provider's stock valued at $20,005,000 after acquiring an additional 158,759 shares during the period. Finally, Noble Wealth Management PBC increased its position in TCW Strategic Income Fund by 13.6% in the third quarter. Noble Wealth Management PBC now owns 314,258 shares of the financial services provider's stock worth $1,351,000 after purchasing an additional 37,511 shares during the period. Institutional investors and hedge funds own 35.22% of the company's stock.

TCW Strategic Income Fund Company Profile

TCW Strategic Income Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol TSI. The fund seeks to provide investors with a high level of current income and, as a secondary objective, long-term capital appreciation.

The fund invests primarily in a diversified portfolio of fixed-income securities and other income-producing assets. Its investments may include corporate bonds, high-yield securities, emerging-market debt, mortgage- and asset-backed securities, bank loans and other government or private-sector debt instruments.

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