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Velocity Financial Inc   (VEL)
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Price: $17.3000 $0.07 0.406%
Day's High: $17.5 Week Perf: 1.59 %
Day's Low: $ 16.85 30 Day Perf: 8.06 %
Volume (M): 43 52 Wk High: $ 18.05
Volume (M$): $ 749 52 Wk Avg: $12.56
Open: $16.85 52 Wk Low: $8.11



 Market Capitalization (Millions $) 601
 Shares Outstanding (Millions) 35
 Employees 250
 Revenues (TTM) (Millions $) 247
 Net Income (TTM) (Millions $) 43
 Cash Flow (TTM) (Millions $) 6
 Capital Exp. (TTM) (Millions $) 0

Velocity Financial Inc
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: 30699 Russell Ranch Road Westlake Village 91362 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...

Velocity Financial Inc

Impressive Surge: VEL Records Stunning 20.69% Profit Growth During Latest Fiscal Period

Financial services company, Velocity Financial Inc (VEL), has reported significant improvements in both revenue and profits for the financial time-frame ending on September 30, 2023. The company's revenue increased by 13.508% year on year to $63.59 million, and it grew by 4.613% quarter on quarter. Meanwhile, profits saw a growth of 20.69% to $0.35 per share. However, the net profit per share decreased by -2.78%.
In comparison to its sector contemporaries in the Miscellaneous Financial Services industry, Velocity's revenue growth in the third quarter of 2023 outperformed, with an overall 11.79% improvement during the same period. Moreover, the company's earnings of $12.169 million in the most recent fiscal period increased by 18.26% from the previous year's net earnings of $10.290 million.

Velocity Financial Inc

Velocity Financial Inc Reports Noteworthy 16.13% Increase in Earnings Per Share Amidst Modest 2.004% Uplift in Revenue for Fiscal Quarter Ending June 2023

As a stock market journalist, it is my job to interpret financial results and provide insights to investors. After analyzing Velocity Financial Inc's most recent fiscal period, it is evident that the company has seen a double-digit earnings improvement alongside a moderate revenue increase. Earnings per share grew by 16.13% to $0.36, while revenue increased by 2.004% to $60.78 million compared to the same period last year.
This positive performance is particularly notable considering the overall trend in the Miscellaneous Financial Services sector, where many companies have experienced a decline in revenue. Despite this, Velocity Financial Inc managed to buck the trend and report top-line improvement.

Velocity Financial Inc

Velocity Financial Inc Achieves Remarkable 49.712% Top-Line Surge During Latest Fiscal Period

Velocity Financial Inc - A Growing Presence in the Financial Services Sector
Velocity Financial Inc is a Miscellaneous Financial Services company that provides loans to real estate investors and developers. The company was founded in 2004 and has since grown to become one of the leading providers of financing solutions for real estate investments. Its portfolio of products includes fixed-rate and variable-rate loans, bridge loans, and other customized financing options.
The company's most recent fiscal period income per share improved significantly by 244.44% to $0.31 per share relative to a year prior on growing Revenue of 49.712% to $67.85 million. This is a remarkable accomplishment for the company, considering the economic challenges posed by the COVID-19 pandemic over the past year. The company's revenue growth can be attributed to the increase in demand for real estate financing solutions due to low-interest rates and a thriving real estate market.






 

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