Velocity Financial chief legal officer sells $57,600 in stock

Roland Thomas Kelly, Velocity Financial's Chief Legal Officer and General Counsel, sold 3,200 shares of the company’s common stock on November 5, 2026. He traded 3,200 shares at $18.00 each, resulting in a total of $57,600. After completing the transaction, Mr. Kelly retains ownership of 94,939 shares of Velocity Financial common stock.

The sale comes amid a positive trend for VEL stock, which has experienced a 12% increase over the past week. Currently, the stock trades at a P/E ratio of 6.29, although InvestingPro analysis suggests it may be slightly overvalued compared to its Fair Value. Investors can access seven additional exclusive tips for VEL, alongside in-depth financial metrics, through InvestingPro.

Velocity Financial reported impressive results for the third quarter of 2026, exceeding analysts' expectations. Core diluted earnings per share amounted to $0.76, surpassing the estimated $0.71. Revenue also surpassed projections, totaling $102.68 million compared to the anticipated $87.17 million. The company's success is attributed to record loan originations of $911.3 million, along with broader portfolio margins and reduced funding costs.

Analysts had previously forecasted lower performance, underscoring Velocity Financial's strong quarter.