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MVC Capital: Fiscal 4Q Earnings Snapshot

January 14, 2020 GMT

PURCHASE, N.Y. (AP) _ MVC Capital Inc. (MVC) on Tuesday reported fiscal fourth-quarter net income of $3.1 million, after reporting a loss in the same period a year earlier.

The Purchase, New York-based company said it had profit of 17 cents per share.

The business development company posted revenue of $8 million in the period.

For the year, the company reported net income of $16.3 million, or 92 cents per share, swinging to a profit in the period. Revenue was reported as $30.5 million.

MVC Capital shares have risen nearly 1% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.24, an increase of almost 4% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MVC at https://www.zacks.com/ap/MVC