SeaBridge Investment Advisors LLC boosted its stake in TCW Strategic Income Fund, Inc. (NYSE:TSI) by 21.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 252,220 shares of the financial services provider’s stock after acquiring an additional 43,975 shares during the quarter. SeaBridge Investment Advisors LLC owned 0.53% of TCW Strategic Income Fund worth $1,450,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of TSI. Focused Wealth Management Inc lifted its position in TCW Strategic Income Fund by 49.0% during the 1st quarter. Focused Wealth Management Inc now owns 10,477 shares of the financial services provider’s stock worth $58,000 after buying an additional 3,444 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in TCW Strategic Income Fund during the 4th quarter worth about $58,000. Millennium Management LLC bought a new stake in TCW Strategic Income Fund during the 4th quarter worth about $59,000. HRT Financial LLC bought a new stake in TCW Strategic Income Fund during the 4th quarter worth about $80,000. Finally, Citigroup Inc. lifted its position in TCW Strategic Income Fund by 71.5% during the 4th quarter. Citigroup Inc. now owns 17,050 shares of the financial services provider’s stock worth $90,000 after buying an additional 7,110 shares in the last quarter. 31.38% of the stock is currently owned by institutional investors and hedge funds.

NYSE:TSI traded up $0.03 on Monday, hitting $5.74. 1,569 shares of the company’s stock were exchanged, compared to its average volume of 123,550. The business has a 50-day simple moving average of $5.68. TCW Strategic Income Fund, Inc. has a 52 week low of $5.20 and a 52 week high of $5.76.

The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were issued a $0.083 dividend. The ex-dividend date was Thursday, June 27th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 5.78%.

TCW Strategic Income Fund 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.

Further Reading: Are sell-side analysts objective?

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Institutional Ownership by Quarter for TCW Strategic Income Fund (NYSE:TSI)

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