Northside Capital Management LLC Cuts Holdings in TCW Strategic Income Fund, Inc. (NYSE:TSI)

Northside Capital Management LLC lessened its position in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,083,672 shares of the financial services provider’s stock after selling 17,600 shares during the period. TCW Strategic Income Fund makes up 1.4% of Northside Capital Management LLC’s portfolio, making the stock its 15th biggest position. Northside Capital Management LLC’s holdings in TCW Strategic Income Fund were worth $5,212,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Merriman Wealth Management LLC acquired a new stake in TCW Strategic Income Fund in the 2nd quarter valued at $48,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in TCW Strategic Income Fund by 19.9% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 12,119 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 2,010 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in TCW Strategic Income Fund in the second quarter valued at $68,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of TCW Strategic Income Fund in the 2nd quarter worth about $108,000. Finally, Transatlantique Private Wealth LLC raised its stake in shares of TCW Strategic Income Fund by 36.7% in the 2nd quarter. Transatlantique Private Wealth LLC now owns 56,565 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 15,190 shares in the last quarter. 35.22% of the stock is currently owned by institutional investors and hedge funds.

TCW Strategic Income Fund Trading Up 1.1 %

NYSE:TSI opened at $4.81 on Thursday. The stock has a 50-day simple moving average of $4.95 and a 200 day simple moving average of $4.99. TCW Strategic Income Fund, Inc. has a one year low of $4.52 and a one year high of $5.21.

TCW Strategic Income Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Tuesday, December 31st were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 4.99%. The ex-dividend date was Tuesday, December 31st.

Insider Buying and Selling

In other TCW Strategic Income Fund news, Director Andrew Tarica sold 10,799 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $5.08, for a total transaction of $54,858.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have sold 24,599 shares of company stock worth $124,501 over the last ninety days. 0.16% of the stock is owned by insiders.

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.