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
Press releases
Analyst ratings and price targets
Calendar
5 May 22
26 Jun 22
31 Dec 22
Financial summary
Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 47.47M | 47.47M | 47.47M | 47.47M | 47.47M | 47.47M |
Cash burn (monthly) | 46K | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 132.06K | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 47.33M | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 1029.0 | n/a | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
19 May 22 | Dorika M Beckett | Common Stock | Grant | Acquire A | No | No | 9.13 | 10,405 | 95K | 19,242 |
19 May 22 | Pitstick John | Common Stock | Grant | Acquire A | No | No | 9.13 | 10,405 | 95K | 44,242 |
19 May 22 | Schaefer Joy L. | Common Stock | Grant | Acquire A | No | No | 9.13 | 10,405 | 95K | 26,709 |
14 Feb 22 | Christopher D. Farrar | Performance Stock Units | Grant | Acquire A | No | No | 12.63 | 45,000 | 568.35K | 275,000 |
14 Feb 22 | Christopher D. Farrar | Common Stock | Grant | Acquire A | No | No | 12.63 | 45,000 | 568.35K | 230,000 |
14 Feb 22 | Fiona Tam | Performance Stock Units | Grant | Acquire A | No | No | 12.63 | 3,750 | 47.36K | 27,472 |
14 Feb 22 | Fiona Tam | Common Stock | Grant | Acquire A | No | No | 12.63 | 3,750 | 47.36K | 23,722 |
Institutional ownership, Q1 2022
13F holders | Current |
---|---|
Total holders | 46 |
Opened positions | 6 |
Closed positions | 11 |
Increased positions | 7 |
Reduced positions | 20 |
13F shares | Current |
---|---|
Total value | 497.56M |
Total shares | 43.2M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Snow Phipps | 12.27M | $134.26M |
Pacific Investment Management | 10.96M | $141.87M |
Allianz Asset Management GmbH | 10.96M | $119.94M |
Beach Point Capital Management | 3.07M | $33.61M |
Adage Capital Partners GP, L.L.C. | 1.13M | $12.41M |
Wasatch Advisors | 929.93K | $10.17M |
WELLINGTON TRUST Co N A | 582.79K | $7.98M |
Vanguard | 547.64K | $5.99M |
Wellington Management | 507.23K | $5.55M |
Wellington Trust Company, National Association Multiple Common Trust Funds Trust, Micro Cap Equity Portfolio | 501.54K | $6.87M |
Content analysis
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Readability |
H.S. sophomore Avg
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New words:
arising, cease, Century, cessation, channel, Committee, confirmed, difficulty, FHA, forgiven, formation, fuel, Ginnie, housing, index, inflation, Interbank, language, linked, living, London, Mae, MSR, multifamily, NaN, oLevel, Omicron, Overnight, refinancing, renew, restructuring, retention, Russia, satisfaction, Settlement, SOFR, spike, subsidiary, suitable, surrendered, target, tied, transition, treasury, troubled, twenty, Ukraine, uncertainty, USD, Vintage, war, warrant, withholding
Removed:
accelerated, affirmative, allocation, August, board, calculating, call, certificate, charge, Codification, consecutive, criteria, cured, decided, defend, derivative, designation, discontinued, dismissed, dissolution, dividend, earliest, eliminated, eliminating, embedded, enabling, enacted, entitled, existing, Facilitation, feature, fifteen, fractional, franchise, furloughed, goodwill, governing, granting, hand, hedging, ii, indefinitely, initiative, Intercompany, intraperiod, lawsuit, light, line, liquidation, mandatorily, mature, met, mezzanine, modest, multiple, negative, newly, nominate, Nonrefundable, October, optional, outlook, par, partnership, preference, prohibition, recording, redeemable, reference, reform, remain, repurchased, resumed, simplify, Simplifying, streamline, submitted, Subtopic, suspended, suspension, temporarily, temporary, treated, unknown, vaccine, vigorously, vote, VWAP, warrantholder, weight, winding
Financial reports
Current reports
8-K/A
Submission of Matters to a Vote of Security Holders
7 Jun 22
8-K
Material Modifications to Rights of Security Holders
23 May 22
8-K
Results of Operations and Financial Condition
5 May 22
8-K
Regulation FD Disclosure
4 May 22
8-K
Material Modifications to Rights of Security Holders
25 Mar 22
8-K
Velocity Financial, Inc. Announces Issuance of $215 Million
16 Mar 22
8-K
Results of Operations and Financial Condition
10 Mar 22
8-K
Regulation FD Disclosure
10 Mar 22
8-K
Departure of Directors or Certain Officers
14 Feb 22
8-K
Departure of Directors or Certain Officers
9 Feb 22
Registration and prospectus
S-8
Registration of securities for employees
26 May 22
424B5
Prospectus supplement for primary offering
6 Sep 21
S-3/A
Shelf registration (amended)
1 Sep 21
S-3
Shelf registration
20 Aug 21
S-8
Registration of securities for employees
22 Jan 20
424B4
Prospectus supplement with pricing info
17 Jan 20
8-A12B
Registration of securities on exchange
17 Jan 20
S-1/A
IPO registration (amended)
6 Nov 19
S-1
IPO registration
18 Oct 19
Other
EFFECT
Notice of effectiveness
3 Sep 21
CORRESP
Correspondence with SEC
30 Aug 21
UPLOAD
Letter from SEC
26 Aug 21
CERT
Certification of approval for exchange listing
17 Jan 20
EFFECT
Notice of effectiveness
17 Jan 20
CORRESP
Correspondence with SEC
13 Jan 20
CORRESP
Correspondence with SEC
11 Dec 19
CORRESP
Correspondence with SEC
31 Oct 19
CORRESP
Correspondence with SEC
17 Oct 19
UPLOAD
Letter from SEC
25 Sep 19
Ownership
SC 13G/A
Velocity Financial / Beach Point Capital Management ownership change
8 Jun 22
4
Velocity Financial / Dorika M Beckett ownership change
19 May 22
4
Velocity Financial / John Pitstick ownership change
19 May 22
4
Velocity Financial / Joy L. Schaefer ownership change
19 May 22
4
Velocity Financial / Jeffrey T. Taylor ownership change
16 Feb 22
4
Velocity Financial / Mark R Szczepaniak ownership change
16 Feb 22
4
Velocity Financial / Christopher J Oltmann ownership change
16 Feb 22
4
Velocity Financial / Christopher D. Farrar ownership change
16 Feb 22
4
Velocity Financial / Roland Thomas Kelly ownership change
16 Feb 22
4
Velocity Financial / Fiona Tam ownership change
16 Feb 22
Transcripts
2022 Q1
Earnings call transcript
7 May 22
2021 Q4
Earnings call transcript
11 Mar 22
2021 Q3
Earnings call transcript
6 Nov 21
2021 Q2
Earnings call transcript
8 Aug 21
2021 Q1
Earnings call transcript
9 May 21
2020 Q4
Earnings call transcript
17 Mar 21
2020 Q3
Earnings call transcript
11 Nov 20
2020 Q2
Earnings call transcript
12 Aug 20
Reddit threads
Daily Discussion Thread - May 5th, 2022
5 May 22
Daily Discussion Thread - May 4th, 2022
4 May 22
Daily Discussion Thread - March 10th, 2022
10 Mar 22
Daily Discussion Thread - March 9th, 2022
9 Mar 22
Daily Discussion Thread - March 8th, 2022
8 Mar 22
Daily Discussion Thread - March 7th, 2022
7 Mar 22
Daily Discussion Thread - November 3rd, 2021
3 Nov 21
Daily Discussion Thread - November 2nd, 2021
2 Nov 21
Daily Discussion Thread - November 1st, 2021
1 Nov 21
Daily Discussion Thread - August 5th, 2021
5 Aug 21