TCW Strategic Income Fund (NYSE:TSI) Stock: Insider Robert Gerald Rooney Sells 29,333 Shares

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

TCW Strategic Income Fund Stock Down 0.1%

Shares of NYSE TSI opened at $4.33 on Wednesday. The stock has a fifty day moving average price of $4.28 and a 200 day moving average price of $4.49. TCW Strategic Income Fund, Inc. has a 1-year low of $4.11 and a 1-year high of $4.98.

TCW Strategic Income Fund Announces Dividend

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

Institutional Trading of TCW Strategic Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Uhlmann Price Securities LLC lifted its position in TCW Strategic Income Fund by 5.2% in the third quarter. Uhlmann Price Securities LLC now owns 61,097 shares of the financial services provider’s stock valued at $263,000 after purchasing an additional 3,018 shares during the period. Whipplewood Advisors LLC increased its position in TCW Strategic Income Fund by 2.7% during the 1st quarter. Whipplewood Advisors LLC now owns 165,778 shares of the financial services provider’s stock worth $744,000 after purchasing an additional 4,344 shares during the period. Fifth Third Bancorp acquired a new position in TCW Strategic Income Fund during the 1st quarter worth approximately $36,000. Susquehanna International Group LLP increased its position in TCW Strategic Income Fund by 60.4% during the 2nd quarter. Susquehanna International Group LLP now owns 26,388 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 9,936 shares during the period. Finally, Flatrock Wealth Partners LLC acquired a new position in TCW Strategic Income Fund during the 1st quarter worth approximately $48,000. Hedge funds and other institutional investors own 35.22% of the company’s stock.

About TCW Strategic Income Fund

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.