Key Points
- Director Peter Mcmillan bought 179,522 shares of TSI at an average price of $4.73 on Feb 12 for a total of $849,139.06, raising his direct ownership to 200,000 shares (an 876.66% increase).
- TCW declared a monthly dividend of $0.0283 per share (up from $0.02) with an ex-dividend date of Apr 15 and payment on Apr 30, implying an annualized yield of about 7.2%.
- TSI opened at $4.72 with 50‑day and 200‑day moving averages near $4.89 and $4.92, a 12‑month range of $4.58–$5.06, and roughly 35.22% of shares held by institutions.
TCW Strategic Income Fund, Inc. (NYSE:TSI - Get Free Report) Director Peter Mcmillan bought 10,478 shares of the stock in a transaction on Wednesday, February 11th. The stock was purchased at an average cost of $4.74 per share, for a total transaction of $49,665.72. Following the acquisition, 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 position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
Peter Mcmillan also recently made the following trade(s):
- On Thursday, February 12th, Peter Mcmillan purchased 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 Trading Down 0.4%
TCW Strategic Income Fund stock opened at $4.72 on Friday. TCW Strategic Income Fund, Inc. has a 52 week low of $4.58 and a 52 week high of $5.06. The firm's 50-day simple moving average is $4.89 and its 200 day simple moving average is $4.92.
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 given a $0.0283 dividend. This is a boost 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%. The ex-dividend date is Wednesday, April 15th.
Institutional Investors Weigh In On TCW Strategic Income Fund
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Whipplewood Advisors LLC acquired a new position in shares of TCW Strategic Income Fund in the second quarter worth $772,000. Allworth Financial LP purchased a new stake in TCW Strategic Income Fund during the 2nd quarter worth about $112,000. Concurrent Investment Advisors LLC acquired a new position in TCW Strategic Income Fund in the 4th quarter valued at about $51,000. Diversified Management Inc. purchased a new position in TCW Strategic Income Fund in the 4th quarter valued at about $5,002,000. Finally, Hara Capital LLC lifted its holdings in TCW Strategic Income Fund by 59.4% in the 4th quarter. Hara Capital LLC now owns 72,214 shares of the financial services provider's stock valued at $366,000 after purchasing an additional 26,900 shares in the last quarter. Hedge funds and other institutional investors own 35.22% of the company's stock.
About TCW Strategic Income Fund
(
Get Free Report)
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.
Further Reading
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