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Velocity Financial VEL Common stock issued for acquisition of NEX

Common stock issued for acquisition of NEX at other companies

Stag Industrial logo
Stag IndustrialSTAG
$0-100%
MidCap Financial Investment Corporation logo
MidCap Financial Investment CorporationMFIC
$148.97M
Fresh Del Monte Produce logo
Fresh Del Monte ProduceFDP
$1.1M
BankUnited logo
BankUnitedBKU
$219.41M
Dynex Capital logo
Dynex CapitalDX
$347.11M+6.7%
LCI Industries logo
LCI IndustriesLCII
$0

Other financials

Income statement

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Net income$22.4M+18.4%
EPS (diluted)$0.57+11.8%

Balance sheet

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Cash & equivalents$87.1M+68.5%
Total debt$3.1M+15.0%
Total equity$693.3M+23.1%
Total assets$7.6B+27.1%

Cash flow

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Operating cash flow$12.1M+242%
CapEx$42.0K-47.5%
Free cash flow$12.0M+248%

Valuation

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Market cap$696.78M+2.6%
P/E6.4×-3.3×

Returns & leverage

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Return on equity17.3%+3.5pp
Debt / equity0.0×

Where this comes from

Reported directly by Velocity Financial in its filing.

Tagged under the XBRL concept us-gaap:NoncashOrPartNoncashAcquisitionInvestmentsAcquired1.

The official record: Velocity Financial’s 10-K, filed March 15, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Velocity Financial's common stock issued for acquisition of NEX?
Velocity Financial (VEL) reported common stock issued for acquisition of NEX of $295.25K in Q4 2021.