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Velocity Financial Inc   (NYSE: VEL)
 
Price: $18.0500 $0.10 0.557%
Day's High: $18.190000534057617 Week Perf: 2.04 %
Day's Low: $ 17.87 30 Day Perf: 1.46 %
Volume (M): 23,014 52 Wk High: $ 21.40
Volume (M$): $ 0 52 Wk Avg: $18.50
Open: $17.99 52 Wk Low: $16.65



 Market Capitalization (Millions $) 707
 Shares Outstanding (Millions) 39
 Employees 371
 Revenues (TTM) (Millions $) 540
 Net Income (TTM) (Millions $) 109
 Cash Flow (TTM) (Millions $) 38
 Capital Exp. (TTM) (Millions $) 0

Business Description


Velocity Financial Inc is a leading provider of investment and wealth management services. Established in 2004, the company is headquartered in Westlake Village, California, and has additional offices across the United States. Its mission is to provide clients with personalized investment solutions and superior customer service.

Velocity Financial Inc provides a range of investment products that cater to different levels of risk tolerance and investment objectives. Its offering includes mutual funds, exchange-traded funds (ETFs), individual stocks, and bonds. The company employs a team of experienced investment professionals who use a disciplined investment approach to manage client portfolios.

In addition to investment management, Velocity Financial Inc also offers a range of financial planning services. Its certified financial planners work with clients to develop customized investment strategies that are tailored to their unique financial goals and circumstances. These services include retirement planning, tax planning, estate planning, and education planning.

Velocity Financial Inc prides itself on its strong customer service culture. Its team of client advisors is dedicated to providing clients with ongoing support and guidance, helping them navigate market fluctuations and make informed investment decisions. The company also provides its clients with various educational resources, including regular market updates, newsletters, and webinars.

Furthermore, Velocity Financial Inc is committed to social responsibility and making a positive impact in the communities it serves. The company supports various charitable causes, including environmental, educational, and healthcare initiatives.

Overall, Velocity Financial Inc is a reputable and reliable investment management firm that provides personalized investment solutions and top-notch customer service. Its commitment to client satisfaction and social responsibility makes it an ideal partner for individuals and institutions looking to grow and protect their wealth.


   Company Address: 2945 Townsgate Road Westlake Village 91361 CA
   Company Phone Number: 532-3700   Stock Exchange / Ticker: NYSE VEL


   

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Stock Issue News

Velocity Financial, Inc. Announces Successful Issuance of $75 Million Senior Secured Notes Amplifying Growth Prospects

Published Tue, Feb 6 2024 1:30 PM UTC



Velocity Financial, Inc., a prominent player in the business purpose loans sector, recently disclosed the issuance of $75 million worth of five-year senior secured notes. This move, undertaken by its wholly-owned subsidiary, Velocity Commercial Capital, LLC, will propel the company s growth trajectory. The notes, bearing an annual interest rate of 9.875%, are set t...




Fundamental Analysis

Valuation Current
Price to Earnings PE Ratio (TTM) 6.40
Price to Earnings PE Ratio (Expected) -
Price to Sales (TTM) 1.31
Price to Sales (Expected) -
Price to Book 1.02
PEG (TTM) 0.14

Financial Strength Current
Quick Ratio 0.35
Working Capital Ratio 0.94
Leverage Ratio (MRQ) 9.91
Total Debt to Equity -
Interest Coverage (TTM) 1.41
Debt Coverage (TTM) -

Per Share Current
Earnings (TTM) 2.82 $
Revenues (TTM) 13.79 $
Cash Flow (TTM) 0.96 $
Cash 2.22 $
Book Value 17.78 $
Dividend (TTM) 0 $

Efficiency Current
Revenue per Employee (TTM) 1,456,194
Net Income per Employee (TTM) 292,814
Receivable Turnover Ratio (TTM) 231.17
Inventory Turnover Ratio (TTM) -
Asset Turnover Ratio (TTM) 0.08

Profitability Ratios Current
Gross Margin (MRQ) 98.61 %
Operating Margin (MRQ) 54.43 %
Net Margin (MRQ) 18.7 %
Net Cash Flow Margin (MRQ) -115.05 %
Effective Tax Rate (TTM) 27.68 %

Management Effectiveness Current
Return On Assets (TTM) 1.53 %
Return On Investment (TTM) 1.59 %
Return On Equity (TTM) 16.65 %
Dividend Yield -
Pay out Ratio (TTM) -



Velocity Financial Inc's Segments





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