Key Points
- Insider buying: Director Peter Mcmillan purchased 50,000 shares on Feb. 20 at $4.64 ($232,000), bringing his stake to 300,000 shares (a 20% increase); combined with purchases on Feb. 11–13 his recent buys total 257,390 shares.
- Dividend increase: TCW raised its monthly dividend to $0.0283 per share (up from $0.02), with an ex-dividend/record date of April 15 and an annualized yield of about 7.3%.
- Price and ownership context: The stock opened at $4.64 (near its 52-week low of $4.58 vs. a high of $5.06) with 50-/200-day moving averages around $4.87–$4.91, and roughly 35.22% of shares held by institutional investors.
TCW Strategic Income Fund, Inc. (NYSE:TSI - Get Free Report) Director Peter Mcmillan purchased 50,000 shares of the stock in a transaction dated Friday, February 20th. The stock was acquired at an average price of $4.64 per share, for a total transaction of $232,000.00. Following the completion of the transaction, the director directly owned 300,000 shares of the company's stock, valued at approximately $1,392,000. The trade was a 20.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Peter Mcmillan also recently made the following trade(s):
- On Friday, February 13th, Peter Mcmillan acquired 17,390 shares of TCW Strategic Income Fund stock. The shares were acquired at an average cost of $4.71 per share, with a total value of $81,906.90.
- On Thursday, February 12th, Peter Mcmillan acquired 179,522 shares of TCW Strategic Income Fund stock. The shares were bought at an average price of $4.73 per share, with a total value of $849,139.06.
- On Wednesday, February 11th, Peter Mcmillan bought 10,478 shares of TCW Strategic Income Fund stock. The shares were bought at an average price of $4.74 per share, for a total transaction of $49,665.72.
TCW Strategic Income Fund Price Performance
TCW Strategic Income Fund stock opened at $4.64 on Friday. The stock has a fifty day moving average of $4.87 and a two-hundred day moving average of $4.91. TCW Strategic Income Fund, Inc. has a fifty-two week low of $4.58 and a fifty-two week high of $5.06.
TCW Strategic Income Fund Increases Dividend
The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 15th will be paid a dividend of $0.0283 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This is an increase from TCW Strategic Income Fund's previous monthly dividend of $0.02. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TSI. Focus Partners Wealth purchased a new stake in shares of TCW Strategic Income Fund during the first quarter worth about $50,000. Concurrent Investment Advisors LLC acquired a new stake in TCW Strategic Income Fund during the fourth quarter worth approximately $51,000. MB Generational Wealth LLC purchased a new stake in TCW Strategic Income Fund in the 3rd quarter worth approximately $63,000. Private Advisor Group LLC acquired a new position in TCW Strategic Income Fund in the 3rd quarter valued at $68,000. Finally, &PARTNERS acquired a new position in TCW Strategic Income Fund in the 4th quarter valued at $71,000. 35.22% of the stock is currently owned by hedge funds and other institutional investors.
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
