Velocity Financial CFO Szczepaniak sells $28k in stock

Published 01/10/2025, 21:48
Velocity Financial CFO Szczepaniak sells $28k in stock

velocity financial, inc. (exchange:vel) chief financial officer mark r. szczepaniak reported selling 1,572 shares of common stock on october 1, 2025. the shares were sold at a weighted average price of $18.0451, for a total transaction value of $28,366. the prices for the sales ranged from $18.00 to $18.27.

following the transaction, szczepaniak directly owns 106,412 shares and indirectly owns 50,111 shares held through a family trust.

In other recent news, Velocity Financial reported impressive second-quarter results for 2025, exceeding both earnings and revenue expectations. The company achieved earnings per share of $0.73, which was a notable 37.74% above the anticipated $0.53. Following this strong performance, JMP Securities reiterated its Market Outperform rating on Velocity Financial, maintaining a price target of $21.00. The research firm expressed a positive outlook after reviewing the company’s financial filings and updating its models. Additionally, Velocity Financial announced its dual listing on NYSE Texas, a new electronic equities exchange in Dallas, while keeping its primary listing on the New York Stock Exchange. This move makes Velocity a Founding Member of NYSE Texas. These recent developments highlight the company’s strategic and financial advancements.

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