Velocity financial CLO Roland Kelly sells $28,800 in shares
Roland Thomas Kelly, Chief Legal Officer and General Counsel at Velocity Financial, Inc., divested 1,600 shares of the company's common stock on September 1, 2026. This sale amounted to $28,800, with each share priced at $18.00. Following this transaction, Mr. Kelly retains ownership of 98,139 shares of Velocity Financial common stock.
The insider sale occurs as VEL's stock trades at a P/E ratio of 6.55, which is deemed attractive by InvestingPro data relative to upcoming earnings growth. Velocity Financial maintains a good financial health score, with analysts setting price targets ranging from $19 to $23.50, indicating potential upside from current levels. The company has also shared its second-quarter 2026 results, which displayed solid performance.
Core net income grew by 1.4% year over year, reaching $27.9 million, and pre-tax income increased by 3.9%, totaling $35.2 million. However, GAAP net income declined by 3.2% to $25.2 million, mainly due to a higher tax rate. The diluted book value per share rose to $18.43, indicating a positive trend. Despite the dip in GAAP net income, the overall results suggest steady growth.
Investors and analysts are expected to closely monitor Velocity Financial's future performance based on these recent figures.
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