{
  "id": 18730347,
  "title": "Velocity Financial chief legal officer sells $57,600 in stock",
  "url": "https://urgent.news/2026/11/07/velocity-financial-chief-legal-officer-sells-57-600-in-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-07T14:00:58.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/velocity-financial-chief-legal-officer-sells-57600-in-stock-93CH-5009901"
  },
  "original_language": "en",
  "account": "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.\n\nThe 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.\n\nVelocity 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.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}