Based in Westlake Village, California, Velocity is a vertically integrated real estate finance company that primarily originates and manages investor loans secured by 1-4 unit residential rental and small commercial properties. Velocity originates loans nationwide across an extensive network of independent mortgage brokers.
Company profile
Ticker
VEL
Exchange
Website
CEO
Christopher D. Farrar
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Velocity Financial, LLC
SEC CIK
Corporate docs
Subsidiaries
Velocity Commercial Capital, LLC • Century Health & Housing Capital, LLC • VCC ABF, LLC • VCC Mortgage Securities, LLC • VCC Capital Source Financing, LLC ...
VEL stock data
Latest filings (excl ownership)
ARS
2022 FY
Annual report to shareholders
30 Mar 23
DEFA14A
Additional proxy soliciting materials
30 Mar 23
DEF 14A
Definitive proxy
30 Mar 23
10-K
2022 FY
Annual report
13 Mar 23
8-K
Regulation FD Disclosure
10 Mar 23
8-K
Results of Operations and Financial Condition
10 Mar 23
8-K
Departure of Directors or Certain Officers
13 Jan 23
10-Q
2022 Q3
Quarterly report
3 Nov 22
8-K
Regulation FD Disclosure
3 Nov 22
8-K
Results of Operations and Financial Condition
3 Nov 22
Transcripts
VEL
Earnings call transcript
2022 Q3
3 Nov 22
VEL
Earnings call transcript
2022 Q2
6 Aug 22
VEL
Earnings call transcript
2022 Q1
7 May 22
VEL
Earnings call transcript
2021 Q4
11 Mar 22
VEL
Earnings call transcript
2021 Q3
6 Nov 21
VEL
Earnings call transcript
2021 Q2
8 Aug 21
VEL
Earnings call transcript
2021 Q1
9 May 21
VEL
Earnings call transcript
2020 Q4
17 Mar 21
VEL
Earnings call transcript
2020 Q3
11 Nov 20
VEL
Earnings call transcript
2020 Q2
12 Aug 20
Latest ownership filings
4
Mark R Szczepaniak
24 Mar 23
4
John Pitstick
13 Mar 23
4
Mark R Szczepaniak
15 Feb 23
4
Jeffrey T. Taylor
15 Feb 23
4
Roland Thomas Kelly
15 Feb 23
4
Fiona Tam
15 Feb 23
SC 13G/A
Beach Point Capital Management LP
9 Feb 23
4
Christopher D. Farrar
18 Jan 23
4
Mark R Szczepaniak
18 Jan 23
4
Jeffrey T. Taylor
18 Jan 23
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Institutional ownership, Q2 2022
| 13F holders | Current |
|---|---|
| Total holders | 48 |
| Opened positions | 2 |
| Closed positions | 2 |
| Increased positions | 16 |
| Reduced positions | 17 |
| 13F shares | Current |
|---|---|
| Total value | 501.53 mm |
| Total shares | 43.42 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Snow Phipps | 12.27 mm | $134.88 mm |
| Pacific Investment Management | 10.96 mm | $141.87 mm |
| Allianz Asset Management GmbH | 10.96 mm | $120.49 mm |
| Beach Point Capital Management | 3.28 mm | $36.01 mm |
| Adage Capital Partners GP, L.L.C. | 1.12 mm | $12.30 mm |
| Wasatch Advisors | 929.93 k | $10.22 mm |
| WELLINGTON TRUST Co N A | 582.79 k | $7.98 mm |
| Vanguard | 548.86 k | $6.03 mm |
| BLK Blackrock | 541.72 k | $5.95 mm |
| Wellington Trust Company, National Association Multiple Common Trust Funds Trust, Micro Cap Equity Portfolio | 501.54 k | $6.87 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 24 Mar 23 | Szczepaniak Mark R | Common Stock | Sale back to company | Dispose D | No | No | 9.13 | 16,355 | 149.32 k | 107,252 |
| 13 Mar 23 | Pitstick John | Common Stock | Buy | Acquire P | No | No | 8.27 | 3,000 | 24.81 k | 47,242 |
| 14 Feb 23 | Fiona Tam | Common Stock | Payment of exercise | Dispose F | No | No | 10.03 | 432 | 4.33 k | 36,269 |
| 14 Feb 23 | Szczepaniak Mark R | Common Stock | Payment of exercise | Dispose F | No | No | 10.03 | 1,729 | 17.34 k | 123,607 |
| 14 Feb 23 | Taylor Jeffrey T. | Common Stock | Payment of exercise | Dispose F | No | No | 10.03 | 1,729 | 17.34 k | 113,736 |
News
5 Value Stocks In The Financial Services Sector
30 Mar 23
Dow Surges Over 300 Points; US Inflation Rate Drops To 6%
14 Mar 23
JMP Securities Reiterates Market Outperform on Velocity Financial, Maintains $12 Price Target
10 Mar 23
Velocity Financial Q4 EPS $0.27 Misses $0.29 Estimate
9 Mar 23
Earnings Scheduled For March 9, 2023
9 Mar 23