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Note 4 - Fair Value Measurements - Fair Value of Assets and Liabilities on a Recurring Basis (Details) - USD ($)
$ in Thousands
Mar. 31, 2019
Mar. 19, 2019
[1]
Dec. 31, 2018
Marketable securities owned $ 92,190   $ 18,874
Other investments:      
Other investments 13,530 $ 74,989 9,913
Marketable securities owned 92,190   18,874
Fair Value, Recurring [Member]      
Marketable securities owned 78,557   18,874
Other investments:      
Equity investments 3,568    
Other investments     490
Total assets: 82,324   19,364
Marketable securities sold, but not yet purchased 2,696   4,626
Total liabilities: 2,696   4,626
Marketable securities owned 78,557   18,874
Fair Value, Recurring [Member] | Investments In Hedge Funds Managed By HCS [Member]      
Other investments:      
Other investments 199   490
Fair Value, Recurring [Member] | Investments in Private Equity Funds Managed by HCS & JMPAM [Member]      
Other investments:      
Other investments [2]  
Fair Value, Recurring [Member] | Investments In Funds Of Funds Managed By HCS [Member]      
Other investments:      
Other investments [2] 199   490
Fair Value, Recurring [Member] | Limited Partner Investment in Private Equity Fund and Real Estate Funds [Member]      
Other investments:      
Other investments [2]  
Fair Value, Recurring [Member] | Total Return Swap [Member]      
Other investments:      
Other investments 3,767    
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]      
Marketable securities owned 15,717   18,874
Other investments:      
Equity investments    
Other investments    
Total assets: 15,717   18,874
Marketable securities sold, but not yet purchased 2,696   4,626
Total liabilities: 2,696   4,626
Marketable securities owned 15,717   18,874
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Investments In Hedge Funds Managed By HCS [Member]      
Other investments:      
Other investments  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Investments in Private Equity Funds Managed by HCS & JMPAM [Member]      
Other investments:      
Other investments [2]  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Investments In Funds Of Funds Managed By HCS [Member]      
Other investments:      
Other investments [2]  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Limited Partner Investment in Private Equity Fund and Real Estate Funds [Member]      
Other investments:      
Other investments [2]  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Total Return Swap [Member]      
Other investments:      
Other investments    
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]      
Marketable securities owned  
Other investments:      
Equity investments    
Other investments     490
Total assets: 199   490
Marketable securities sold, but not yet purchased  
Total liabilities:  
Marketable securities owned  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Investments In Hedge Funds Managed By HCS [Member]      
Other investments:      
Other investments 199   490
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Investments in Private Equity Funds Managed by HCS & JMPAM [Member]      
Other investments:      
Other investments [2]  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Investments In Funds Of Funds Managed By HCS [Member]      
Other investments:      
Other investments [2] 199   490
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Limited Partner Investment in Private Equity Fund and Real Estate Funds [Member]      
Other investments:      
Other investments [2]  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Total Return Swap [Member]      
Other investments:      
Other investments 199    
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]      
Marketable securities owned 62,840  
Other investments:      
Equity investments 3,568  
Other investments    
Total assets: 66,408  
Marketable securities sold, but not yet purchased  
Total liabilities:  
Marketable securities owned 62,840  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Investments In Hedge Funds Managed By HCS [Member]      
Other investments:      
Other investments  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Investments in Private Equity Funds Managed by HCS & JMPAM [Member]      
Other investments:      
Other investments [2]  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Investments In Funds Of Funds Managed By HCS [Member]      
Other investments:      
Other investments [2]  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Limited Partner Investment in Private Equity Fund and Real Estate Funds [Member]      
Other investments:      
Other investments [2]  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Total Return Swap [Member]      
Other investments:      
Other investments 3,568    
Reported Value Measurement [Member]      
Other investments:      
Total assets: 158,394   1,352,666
Total liabilities: 87,125   1,223,794
Reported Value Measurement [Member] | Fair Value, Recurring [Member]      
Marketable securities owned 78,557   18,874
Other investments:      
Equity investments 3,568    
Other investments     9,913
Total assets: 92,087   28,787
Marketable securities sold, but not yet purchased 2,696   4,626
Total liabilities: 2,696   4,626
Marketable securities owned 78,557   18,874
Reported Value Measurement [Member] | Fair Value, Recurring [Member] | Investments In Hedge Funds Managed By HCS [Member]      
Other investments:      
Other investments 199   490
Reported Value Measurement [Member] | Fair Value, Recurring [Member] | Investments in Private Equity Funds Managed by HCS & JMPAM [Member]      
Other investments:      
Other investments [2] 5,045   5,503
Reported Value Measurement [Member] | Fair Value, Recurring [Member] | Investments In Funds Of Funds Managed By HCS [Member]      
Other investments:      
Other investments [2] 5,244   5,993
Reported Value Measurement [Member] | Fair Value, Recurring [Member] | Limited Partner Investment in Private Equity Fund and Real Estate Funds [Member]      
Other investments:      
Other investments [2] 4,718   $ 3,920
Reported Value Measurement [Member] | Fair Value, Recurring [Member] | Total Return Swap [Member]      
Other investments:      
Other investments $ 13,530    
[1] The fair value of the Company's retained interest in CLO III, CLO IV, CLO V, CLO VI, and JMPCA as of the deconsolidation date was $13.3 million, $27.8 million, $26.5 million, $3.8 million, and $3.6 million, respectively
[2] In accordance with ASC 820-10, certain investments that are measured at fair value using the net asset value per share (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the statement of financial position. The carrying values of these lines reconciles to the parenthetical disclosure of other investments on the Consolidated Statements of Financial Condition.