Velocity FinancialVEL
Market Cap: $638M
About: Velocity Financial Inc is a United States-based real estate finance company. The company originates and manages investor loans secured by residential rental and small commercial properties. The company earns revenue in the form of interest income. It operates in New York, California, Florida, New Jersey, and other states.
Employees: 253
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
109% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 11
0% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]
0% less capital invested
Capital invested by funds: $583M [Q1] → $581M (-$1.77M) [Q2]
1.7% less ownership
Funds ownership: 99.89% [Q1] → 98.18% (-1.7%) [Q2]
4% less funds holding
Funds holding: 50 [Q1] → 48 (-2) [Q2]
11% less call options, than puts
Call options by funds: $12.1M | Put options by funds: $13.6M
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
BTIG Sarah Barcomb 86% 1-year accuracy 6 / 7 met price target | 4%upside $20 | Buy Maintained | 2 Aug 2024 |
JMP Securities Chris McGinnis 100% 1-year accuracy 3 / 3 met price target | 9%upside $21 | Market Outperform Maintained | 2 Aug 2024 |
Financial journalist opinion
Based on 3 articles about VEL published over the past 30 days