SeaBridge Investment Advisors LLC Has $3.43 Million Holdings in TCW Strategic Income Fund, Inc. $TSI

SeaBridge Investment Advisors LLC lessened its stake in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) by 13.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 697,752 shares of the financial services provider’s stock after selling 107,417 shares during the quarter. SeaBridge Investment Advisors LLC owned 1.46% of TCW Strategic Income Fund worth $3,433,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. JP Wealth Management Inc. grew its holdings in shares of TCW Strategic Income Fund by 5.6% in the 2nd quarter. JP Wealth Management Inc. now owns 3,213,023 shares of the financial services provider’s stock worth $15,680,000 after purchasing an additional 170,288 shares during the last quarter. Whipplewood Advisors LLC bought a new position in TCW Strategic Income Fund during the 2nd quarter valued at about $772,000. Allworth Financial LP acquired a new position in TCW Strategic Income Fund in the second quarter valued at about $112,000. Riverbridge Partners LLC grew its stake in TCW Strategic Income Fund by 4.0% during the second quarter. Riverbridge Partners LLC now owns 170,101 shares of the financial services provider’s stock worth $830,000 after buying an additional 6,527 shares during the last quarter. Finally, Intellus Advisors LLC grew its stake in TCW Strategic Income Fund by 6.0% during the second quarter. Intellus Advisors LLC now owns 49,754 shares of the financial services provider’s stock worth $243,000 after buying an additional 2,836 shares during the last quarter. 35.22% of the stock is currently owned by institutional investors.

TCW Strategic Income Fund Trading Down 0.1%

NYSE:TSI opened at $4.88 on Wednesday. TCW Strategic Income Fund, Inc. has a 1 year low of $4.61 and a 1 year high of $5.06. The firm has a 50 day moving average of $4.93 and a 200-day moving average of $4.93.

TCW Strategic Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be issued a dividend of $0.0217 per share. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Thursday, January 15th.

Insider Transactions at TCW Strategic Income Fund

In other TCW Strategic Income Fund news, Director Robert Gerald Rooney acquired 8,422 shares of TCW Strategic Income Fund stock in a transaction on Tuesday, November 25th. The shares were bought at an average price of $4.93 per share, with a total value of $41,520.46. Following the completion of the purchase, the director owned 8,422 shares in the company, valued at $41,520.46. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders acquired 20,500 shares of company stock valued at $101,023. Insiders own 0.23% of the company’s stock.

TCW Strategic Income Fund Company Profile

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.