Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value Measurements

The following table presents these instruments’ fair value at September 30, 2022:

	Level 1		Level 2		Level 3		Total
Assets	(in thousands)
Cash Equivalents:
Money Market Funds	$	10	$	—	$	—	$	10
Equity Investments, at Fair Value:
Equity Securities		23,311		376		—		23,687
Mutual Funds		—		—		—		—
Trading Securities, at Fair Value:
Leveraged Loans		—		21,268		—		21,268
Corporate Bonds		—		2,951		—		2,951
Total Assets	$	23,321	$	24,595	$	—	$	47,916
Liabilities
Securities Sold Short	$	231		—		—	$	231
Total Liabilities	$	231	$	—	$	—	$	231

The following table presents these instruments’ fair value at December 31, 2021:

	Level 1		Level 2		Level 3		Total
Assets	(in thousands)
Cash Equivalents:
Money Market Funds	$	8	$	—	$	—	$	8
Equity Investments, at Fair Value:
Equity Securities		82,163		737		—		82,900
Mutual Funds		7,319		—		—		7,319
Total Assets	$	89,490	$	737	$	—	$	90,227
Liabilities
Securities Sold Short		237		—		—		237
Total Liabilities	$	237	$	—	$	—	$	237