[SCHEDULE 13G/A] Velocity Financial, Inc. SEC Filing
Beach Point Capital Management LP and Beach Point GP LLC report beneficial ownership of 5,300,859 shares of Velocity Financial, Inc. common stock, equal to 14.5% of the outstanding class based on 36,491,520 shares outstanding as of April 30, 2025. The position is reported as held on behalf of Beach Point clients, including Beach Point Securitized Credit Fund LP and Beach Point TX SCF LP.
Both reporting persons state they possess shared voting and shared dispositive power over 5,300,859 shares and have no sole voting or dispositive power. Beach Point Capital, as investment adviser, and Beach Point GP, as general partner, each disclaim beneficial ownership because the securities are owned by the Clients.
Beach Point Capital Management LP e Beach Point GP LLC dichiarano la titolarit脿 effettiva di 5.300.859 azioni del capitale sociale ordinario di Velocity Financial, Inc., pari al 14,5% della classe in circolazione, calcolato su 36.491.520 azioni in circolazione al 30 aprile 2025. La posizione 猫 segnalata come detenuta per conto dei clienti di Beach Point, inclusi Beach Point Securitized Credit Fund LP e Beach Point TX SCF LP.
Entrambe le persone che presentano la comunicazione affermano di detenere la potest脿 di voto congiunta e il potere dispositivo congiunto su 5.300.859 azioni e di non avere alcun potere di voto o dispositivo esclusivo. Beach Point Capital, in qualit脿 di consulente d'investimento, e Beach Point GP, come general partner, declinano ciascuna la titolarit脿 effettiva poich茅 i titoli sono di propriet脿 dei Clienti.
Beach Point Capital Management LP y Beach Point GP LLC informan tener la propiedad beneficiaria de 5.300.859 acciones de acciones ordinarias de Velocity Financial, Inc., equivalentes al 14,5% de la clase en circulaci贸n seg煤n 36.491.520 acciones en circulaci贸n al 30 de abril de 2025. La posici贸n se declara como mantenida en nombre de clientes de Beach Point, incluidos Beach Point Securitized Credit Fund LP y Beach Point TX SCF LP.
Ambas personas que informan indican que poseen poder de voto compartido y poder dispositivo compartido sobre 5.300.859 acciones y no tienen ning煤n poder de voto o dispositivo exclusivo. Beach Point Capital, como asesor de inversiones, y Beach Point GP, como socio general, niegan cada uno la condici贸n de propietario beneficiario porque los valores son propiedad de los Clientes.
Beach Point Capital Management LP鞕� Beach Point GP LLC電� Velocity Financial, Inc.鞚� 氤错喌欤� 5,300,859欤�鞐� 雽�頃� 鞁れ鞝� 靻岇湢甓岇潉 氤搓碃頃橂┌, 鞚措姅 2025雲� 4鞗� 30鞚� 旮办 氚滍枆欤检嫕靾� 36,491,520欤茧ゼ 旮办鞙茧 氚滍枆 韥措灅鞀れ潣 14.5%鞐� 頃措嫻頃╇媹雼�. 鞚� 韽靺橃潃 Beach Point鞚� 瓿犼皾(鞓�: Beach Point Securitized Credit Fund LP 氚� Beach Point TX SCF LP)鞚� 鞙勴暣 氤挫湢霅� 瓴冹溂搿� 氤搓碃霅橃棃鞀惦媹雼�.
霊� 氤搓碃鞚胳潃 5,300,859欤检棎 雽�頃� 瓿惦彊 鞚橁舶甓� 氚� 瓿惦彊 觳橂秳甓岇潉 氤挫湢頃橁碃 鞛堨溂氅� 雼弲 鞚橁舶甓岇澊雮� 雼弲 觳橂秳甓岇潃 氤挫湢頃橃 鞎婋姅雼�瓿� 氇呾嫓頃╇媹雼�. 韴瀽鞛愲靷澑 Beach Point Capital瓿� 鞚茧皹 韺岉姼雱堨澑 Beach Point GP電� 頃措嫻 歃濌秾鞚� 瓿犼皾 靻岇湢鞚措瘈搿� 臧侁皝 鞁れ鞝� 靻岇湢甓岇潉 攵�鞚疙暕雼堧嫟.
Beach Point Capital Management LP et Beach Point GP LLC d茅clarent la d茅tention b茅n茅ficiaire de 5鈥�300鈥�859 actions d'actions ordinaires de Velocity Financial, Inc., soit 14,5鈥�% de la classe en circulation sur la base de 36鈥�491鈥�520 actions en circulation au 30 avril 2025. La position est signal茅e comme d茅tenue pour le compte des clients de Beach Point, y compris Beach Point Securitized Credit Fund LP et Beach Point TX SCF LP.
Les deux d茅clarants pr茅cisent qu'ils d茅tiennent un pouvoir de vote conjoint et un pouvoir discr茅tionnaire conjoint sur 5鈥�300鈥�859 actions et qu'ils n'ont aucun pouvoir de vote ou discr茅tionnaire exclusif. Beach Point Capital, en tant que conseiller en investissement, et Beach Point GP, en tant qu'associ茅 g茅n茅ral, d茅clinent chacun la qualit茅 de d茅tenteur b茅n茅ficiaire car les titres appartiennent aux Clients.
Beach Point Capital Management LP und Beach Point GP LLC melden die wirtschaftliche Beteiligung an 5.300.859 Aktien der Stammaktien von Velocity Financial, Inc., entsprechend 14,5% der ausstehenden Klasse, basierend auf 36.491.520 ausstehenden Aktien zum 30. April 2025. Die Position wird als im Auftrag der Beach Point-Kunden gehalten gemeldet, einschlie脽lich Beach Point Securitized Credit Fund LP und Beach Point TX SCF LP.
Beide meldenden Personen geben an, dass sie 眉ber gemeinsames Stimmrecht und gemeinsames Verf眉gungsrecht 眉ber 5.300.859 Aktien verf眉gen und keine alleinigen Stimm- oder Verf眉gungsrechte besitzen. Beach Point Capital als Anlageberater und Beach Point GP als General Partner weisen die wirtschaftliche Eigent眉merschaft jeweils zur眉ck, da die Wertpapiere im Eigentum der Kunden stehen.
- Material ownership stake: 5,300,859 shares representing 14.5% of the class
- Clear disclosure of voting/dispositive authority: shared voting and shared dispositive power over the reported shares
- No sole voting or dispositive power: both reporting persons report 0 sole voting/dispositive power
- Reported securities are owned by clients: Beach Point disclaims beneficial ownership of the shares
Insights
TL;DR: Beach Point holds a material 14.5% economic stake in VEL but reports only shared control, not sole control.
Beach Point Capital and its GP report a substantial position of 5,300,859 shares (14.5%) in Velocity Financial. For investors, a >10% stake can influence governance expectations, yet the reporting persons disclose only shared voting and dispositive power, with no sole voting or dispositive authority. The position is held for clients, which limits direct attribution of ownership to the advisers themselves. This disclosure is material for ownership concentration analysis and potential engagement signals but does not indicate unilateral control.
TL;DR: A meaningful block position exists, but Beach Point disclaims direct beneficial ownership and reports shared control.
The filing shows a material block of shares that could affect shareholder dynamics: 5,300,859 shares (14.5%). Crucially, the filing clarifies these shares are owned by specific client funds and that Beach Point exercises voting and disposition authority on their behalf. From a governance standpoint, this signals potential coordination or engagement capacity without a declared intent to change or control the issuer. The reporting and disclaimer language should be monitored for any future changes in voting stance or ownership attribution.
Beach Point Capital Management LP e Beach Point GP LLC dichiarano la titolarit脿 effettiva di 5.300.859 azioni del capitale sociale ordinario di Velocity Financial, Inc., pari al 14,5% della classe in circolazione, calcolato su 36.491.520 azioni in circolazione al 30 aprile 2025. La posizione 猫 segnalata come detenuta per conto dei clienti di Beach Point, inclusi Beach Point Securitized Credit Fund LP e Beach Point TX SCF LP.
Entrambe le persone che presentano la comunicazione affermano di detenere la potest脿 di voto congiunta e il potere dispositivo congiunto su 5.300.859 azioni e di non avere alcun potere di voto o dispositivo esclusivo. Beach Point Capital, in qualit脿 di consulente d'investimento, e Beach Point GP, come general partner, declinano ciascuna la titolarit脿 effettiva poich茅 i titoli sono di propriet脿 dei Clienti.
Beach Point Capital Management LP y Beach Point GP LLC informan tener la propiedad beneficiaria de 5.300.859 acciones de acciones ordinarias de Velocity Financial, Inc., equivalentes al 14,5% de la clase en circulaci贸n seg煤n 36.491.520 acciones en circulaci贸n al 30 de abril de 2025. La posici贸n se declara como mantenida en nombre de clientes de Beach Point, incluidos Beach Point Securitized Credit Fund LP y Beach Point TX SCF LP.
Ambas personas que informan indican que poseen poder de voto compartido y poder dispositivo compartido sobre 5.300.859 acciones y no tienen ning煤n poder de voto o dispositivo exclusivo. Beach Point Capital, como asesor de inversiones, y Beach Point GP, como socio general, niegan cada uno la condici贸n de propietario beneficiario porque los valores son propiedad de los Clientes.
Beach Point Capital Management LP鞕� Beach Point GP LLC電� Velocity Financial, Inc.鞚� 氤错喌欤� 5,300,859欤�鞐� 雽�頃� 鞁れ鞝� 靻岇湢甓岇潉 氤搓碃頃橂┌, 鞚措姅 2025雲� 4鞗� 30鞚� 旮办 氚滍枆欤检嫕靾� 36,491,520欤茧ゼ 旮办鞙茧 氚滍枆 韥措灅鞀れ潣 14.5%鞐� 頃措嫻頃╇媹雼�. 鞚� 韽靺橃潃 Beach Point鞚� 瓿犼皾(鞓�: Beach Point Securitized Credit Fund LP 氚� Beach Point TX SCF LP)鞚� 鞙勴暣 氤挫湢霅� 瓴冹溂搿� 氤搓碃霅橃棃鞀惦媹雼�.
霊� 氤搓碃鞚胳潃 5,300,859欤检棎 雽�頃� 瓿惦彊 鞚橁舶甓� 氚� 瓿惦彊 觳橂秳甓岇潉 氤挫湢頃橁碃 鞛堨溂氅� 雼弲 鞚橁舶甓岇澊雮� 雼弲 觳橂秳甓岇潃 氤挫湢頃橃 鞎婋姅雼�瓿� 氇呾嫓頃╇媹雼�. 韴瀽鞛愲靷澑 Beach Point Capital瓿� 鞚茧皹 韺岉姼雱堨澑 Beach Point GP電� 頃措嫻 歃濌秾鞚� 瓿犼皾 靻岇湢鞚措瘈搿� 臧侁皝 鞁れ鞝� 靻岇湢甓岇潉 攵�鞚疙暕雼堧嫟.
Beach Point Capital Management LP et Beach Point GP LLC d茅clarent la d茅tention b茅n茅ficiaire de 5鈥�300鈥�859 actions d'actions ordinaires de Velocity Financial, Inc., soit 14,5鈥�% de la classe en circulation sur la base de 36鈥�491鈥�520 actions en circulation au 30 avril 2025. La position est signal茅e comme d茅tenue pour le compte des clients de Beach Point, y compris Beach Point Securitized Credit Fund LP et Beach Point TX SCF LP.
Les deux d茅clarants pr茅cisent qu'ils d茅tiennent un pouvoir de vote conjoint et un pouvoir discr茅tionnaire conjoint sur 5鈥�300鈥�859 actions et qu'ils n'ont aucun pouvoir de vote ou discr茅tionnaire exclusif. Beach Point Capital, en tant que conseiller en investissement, et Beach Point GP, en tant qu'associ茅 g茅n茅ral, d茅clinent chacun la qualit茅 de d茅tenteur b茅n茅ficiaire car les titres appartiennent aux Clients.
Beach Point Capital Management LP und Beach Point GP LLC melden die wirtschaftliche Beteiligung an 5.300.859 Aktien der Stammaktien von Velocity Financial, Inc., entsprechend 14,5% der ausstehenden Klasse, basierend auf 36.491.520 ausstehenden Aktien zum 30. April 2025. Die Position wird als im Auftrag der Beach Point-Kunden gehalten gemeldet, einschlie脽lich Beach Point Securitized Credit Fund LP und Beach Point TX SCF LP.
Beide meldenden Personen geben an, dass sie 眉ber gemeinsames Stimmrecht und gemeinsames Verf眉gungsrecht 眉ber 5.300.859 Aktien verf眉gen und keine alleinigen Stimm- oder Verf眉gungsrechte besitzen. Beach Point Capital als Anlageberater und Beach Point GP als General Partner weisen die wirtschaftliche Eigent眉merschaft jeweils zur眉ck, da die Wertpapiere im Eigentum der Kunden stehen.
FAQ
How many shares of Velocity Financial (VEL) does Beach Point report owning?
Does Beach Point have sole voting power over the reported VEL shares?
On whose behalf are the VEL shares held?
What outstanding share count was used to calculate the 14.5% figure?
Do the reporting persons claim beneficial ownership of the shares?
