KCAP Shares Cross Below Book Value

In trading on Wednesday, shares of KCAP Financial ( KCAP) crossed below their last reported book value — defined as common shareholder equity per share — of $7.96, changing hands as low as $7.93 per share. KCAP Financial shares are currently trading down about 2.2% on the day. The chart below shows the one year performance of KCAP shares, versus its 50 and 200 day moving averages:

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KCAP Financial Moving Averages Chart

Looking at the chart above, KCAP's low point in its 52 week range is $7.49 per share, with $11.48 as the 52 week high point — that compares with a last trade of $7.93.

According to the ETF Finder at ETF Channel, KCAP makes up 1.30% of the BDC Income ETF ( BIZD) which is trading lower by about 1.2% on the day Wednesday.

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