Rep. Tim Walberg Sells Off Shares of FS Specialty Lending Fund (NYSE:FSSL)

Representative Tim Walberg (Republican-Michigan) recently sold shares of FS Specialty Lending Fund (NYSE:FSSL). In a filing disclosed on June 03rd, the Representative disclosed that they had sold between $15,001 and $50,000 in FS Specialty Lending Fund stock on June 1st.

FS Specialty Lending Fund Trading Up 0.5%

Shares of FSSL opened at $11.65 on Friday. FS Specialty Lending Fund has a 52-week low of $11.00 and a 52-week high of $15.00. The firm has a 50 day simple moving average of $12.03.

FS Specialty Lending Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were paid a $0.1375 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 14.2%. The ex-dividend date of this dividend was Thursday, May 21st.

Insider Buying and Selling

In other FS Specialty Lending Fund news, Director Richard I. Goldstein bought 10,000 shares of FS Specialty Lending Fund stock in a transaction that occurred on Tuesday, March 10th. The stock was acquired at an average cost of $11.92 per share, for a total transaction of $119,200.00. Following the completion of the transaction, the director directly owned 20,000 shares in the company, valued at $238,400. This represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Hedge Funds Weigh In On FS Specialty Lending Fund

A number of large investors have recently modified their holdings of FSSL. EverSource Wealth Advisors LLC purchased a new stake in shares of FS Specialty Lending Fund during the first quarter valued at approximately $302,000. Rivernorth Capital Management LLC lifted its position in shares of FS Specialty Lending Fund by 73.7% during the 1st quarter. Rivernorth Capital Management LLC now owns 2,315,114 shares of the company’s stock valued at $28,962,000 after buying an additional 981,989 shares during the last quarter. Lido Advisors LLC bought a new stake in shares of FS Specialty Lending Fund during the 1st quarter valued at $366,000. Cassaday & Co Wealth Management LLC bought a new position in shares of FS Specialty Lending Fund in the first quarter valued at approximately $112,000. Finally, Main Street Group LTD bought a new position in shares of FS Specialty Lending Fund in the first quarter valued at approximately $30,000.

About Representative Walberg

Tim Walberg (Republican Party) is a member of the U.S. House, representing Michigan’s 5th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Walberg (Republican Party) is running for re-election to the U.S. House to represent Michigan’s 5th Congressional District. He declared candidacy for the 2026 election.

Walberg was born in 1951 in Chicago, IL. After attending the Moody Bible College Institute in Chicago, he went on to earn his B.S. from Fort Wayne Bible College in 1975 and his M.A. from Wheaton College in 1978. Prior to his political career, Walberg was a minister.

FS Specialty Lending Fund, Inc (NYSE: FSSL) is a publicly listed, closed-end management investment company that provides investors with exposure to specialty finance and private credit markets. The fund seeks to generate current income and long?term capital appreciation primarily through investments in credit instruments, with a focus on lending strategies that complement traditional fixed?income allocations. It is sponsored and managed by an adviser affiliated with FS Investments.

The fund’s investment activities typically include originating, acquiring, and managing a diversified portfolio of debt instruments such as senior secured loans, subordinated debt, mezzanine financing, and other specialty finance products.