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MVC Capital posts 1Q profit

PURCHASE, N.Y. (AP) _ MVC Capital Inc. (MVC) on Monday reported fiscal first-quarter net income of $4.4 million, after reporting a loss in the same period a year earlier.

The Purchase, New York-based company said it had profit of 19 cents per share. Losses, adjusted for investment gains, came to 14 cents per share.

The business development company posted revenue of $3.4 million in the period.

MVC Capital shares have climbed nearly 4 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $8.90, an increase of 25 percent 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

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Keywords: MVC Capital, Earnings Report