Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Schedule of Fair Value Measurements

The following table presents these instruments’ fair value at September 30, 2020:

	Level 1		Level 2		Level 3		Total
Assets	(in thousands)
Cash Equivalents:
Money Market Funds	$	8	$	—	$	—	$	8
Equity Investments, at Fair Value:
Equity Securities		13,101		455		—		13,556
Mutual Funds		7,307		—		—		7,307
Trading Securities:
U.S. Treasury Bills		—		—		—		—
Total Assets	$	20,416	$	455	$	—	$	20,871
Liabilities
Securities Sold Short	$	690		—		—	$	690
Total Liabilities	$	690	$	—	$	—	$	690

The following table presents these instruments’ fair value at December 31, 2019:

	Level 1		Level 2		Level 3		Total
Assets	(in thousands)
Cash Equivalents:
Money Market Funds	$	17,129	$	—	$	—	$	17,129
U.S. Treasury Bills		—		—		—		—
Equity Investments, at Fair Value:
Equity Securities		15,195		520		—		15,715
Mutual Funds		20,039		—		—		20,039
Trading Securities:
U.S. Treasury Bills		—		9,100		—		9,100
Total	$	52,363	$	9,620	$	—	$	61,983