SeaBridge Investment Advisors LLC Acquires 113,047 Shares of TCW Strategic Income Fund, Inc. (NYSE:TSI)

SeaBridge Investment Advisors LLC boosted its holdings in TCW Strategic Income Fund, Inc. (NYSE:TSI) by 24.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 577,399 shares of the financial services provider’s stock after acquiring an additional 113,047 shares during the quarter. SeaBridge Investment Advisors LLC owned 1.21% of TCW Strategic Income Fund worth $2,737,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sheaff Brock Investment Advisors LLC bought a new position in TCW Strategic Income Fund in the 4th quarter valued at $92,000. Hartline Investment Corp acquired a new position in TCW Strategic Income Fund during the 1st quarter worth about $108,000. Calamos Advisors LLC bought a new stake in TCW Strategic Income Fund during the 2nd quarter worth about $133,000. MB Generational Wealth LLC acquired a new stake in TCW Strategic Income Fund in the 4th quarter valued at about $78,000. Finally, Nomura Holdings Inc. bought a new position in shares of TCW Strategic Income Fund in the fourth quarter worth about $108,000. Institutional investors and hedge funds own 35.22% of the company’s stock.

TCW Strategic Income Fund Trading Down 0.4 %

Shares of TSI stock traded down $0.02 on Friday, reaching $5.12. 131,698 shares of the stock were exchanged, compared to its average volume of 80,546. TCW Strategic Income Fund, Inc. has a one year low of $4.48 and a one year high of $5.18. The stock has a 50 day moving average price of $4.90 and a 200 day moving average price of $4.74.

TCW Strategic Income Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend was Friday, June 28th.

TCW Strategic Income Fund Company Profile

TCW Strategic Income Fund, Inc is a close-ended balanced mutual fund launched by The TCW Group, Inc The fund is managed by TCW Investment Management Company. It invests in the public equity and fixed income markets of the United States. The fund makes its investments in securities of companies operating across diversified sectors.