CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net income	$ 17,454	$ 15,950
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	308	334
Accretion of discounts and amortization of premiums	(42)	(19)
Stock based compensation expense	339	1,166
Deferred income taxes	(763)	(138)
Foreign currency translation income / (loss)	(31)	10
Unrealized (gains) / losses on securities	2,740	(2,244)
Net realized losses on securities	50	2,163
(Increase) decrease in assets:
Investments in securities	(373)	(1,579)
Investment advisory fees receivable	9,766	5,762
Income taxes receivable	1,057	1,489
Receivable from affiliates	(124)	1,059
Receivable from brokers	14	307
Other assets	(837)	(2,056)
Increase (decrease) in liabilities:
Compensation payable	(4,784)	(3,456)
Income taxes payable	7,060	7,472
Payable to affiliates	(14,990)	132
Payable for investments purchased	(908)	7,759
Accrued expenses and other liabilities	(1,244)	2,554
Total adjustments	(2,762)	20,715
Net cash provided by operating activities	14,692	36,665
Cash flows from investing activities:
Purchases of securities	(8,014)	(4,882)
Proceeds from sales and maturities of securities	0	56,165
Net cash provided by/ (used in) investing activities	(8,014)	51,283
Cash flows from financing activities:
Dividends paid	(1,047)	(528)
Purchase of treasury stock	(3,150)	(1,814)
Repayment of principal portion of lease liability	(74)	(61)
Repurchase of 2-year puttable note due 6/15/23	(68)	0
Net cash used in financing activities	(4,339)	(2,403)
Effect of exchange rates on cash and cash equivalents	3	(2)
Net increase in cash and cash equivalents	2,342	85,543
Cash and cash equivalents, beginning of period	142,027	33,325
Cash and cash equivalents, end of period	144,369	118,868
Supplemental disclosures of cash flow information:
Cash paid for interest	298	300
Cash paid for taxes	$ 458	$ 30