Same as last time, TCAP is playing it safe with the recent secondary's 3.5 million extra shares and not increase the dividend at this time. Probably waiting to invest the proceeds from the secondary before deciding on any dividend increase in the future.
That was a weird drop at the end of the day today. It was like some fund was forced to liquidate at any price. Maybe a short needed to get out in order to avoid paying the 44 cent dividend on shares? Anyone have any other info?