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Medallion Financial posts 4Q profit

NEW YORK (AP) _ Medallion Financial Corp. (MFIN) on Thursday reported fourth-quarter profit of $3.3 million.

The New York-based company said it had profit of 14 cents per share. Losses, adjusted for non-recurring gains, were 12 cents per share.

The business development company posted revenue of $6.1 million in the period. Its adjusted revenue was $2.6 million.

In the final minutes of trading on Thursday, the company's shares hit $4.32. A year ago, they were trading at $1.97.


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