v3.25.1
Note 8 - Fair Value Disclosures (Tables)
 3 Months Ended
Mar. 31, 2025
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
          

Significant

  

Significant

 
      

Quoted Prices in

  

Observable

  

Unobservable

 
      

Active Markets

  

Inputs

  

Inputs

 

Assets

 

Fair Value

  

(Level 1)

  

(Level 2)

  

(Level 3)

 

Investments-trading:

                

Corporate bonds and redeemable preferred stock

 $27,253  $-  $27,253  $- 

Derivatives

  3,886   -   3,886   - 

Equity securities

  867   656   211   - 

RMBS

  5   -   5   - 

SBA loans

  33,804   -   33,804   - 

U.S. government agency MBS and CMOs

  74,941   -   74,941   - 

U.S. government agency debt securities

  17,400   -   17,400   - 

U.S. Treasury securities

  2,410   2,410   -   - 

Total investments - trading

 $160,566  $3,066  $157,500  $- 
                 

Other investments, at fair value:

                

Equity securities

 $1,167  $1,167  $-  $- 

Equity derivatives

  73   -   73   - 

Restricted equity securities

  11,165   5,800   5,365   - 

Corporate bonds and redeemable preferred stock

  530   -   530   - 

Notes receivable

  8,586   -   8,586   - 

Interests in SPVs

  1,565   -   1,565   - 
   23,086  $6,967  $16,119  $- 

Investments measured at NAV (1)

  9,051             

Total other investments, at fair value

 $32,137             
                 

Liabilities

                

Trading securities sold, not yet purchased:

                

Corporate bonds and redeemable preferred stock

 $9,059  $-  $9,059  $- 

Derivatives

  3,021   -   3,021   - 

Equity securities

  45   45   -   - 

U.S. Treasury securities

  20,531   20,531   -   - 

Total trading securities sold, not yet purchased

 $32,656  $20,576  $12,080  $- 
                
          

Significant

  

Significant

 
      

Quoted Prices in

  

Observable

  

Unobservable

 
      

Active Markets

  

Inputs

  

Inputs

 

Assets

 

Fair Value

  

(Level 1)

  

(Level 2)

  

(Level 3)

 

Investments-trading:

                

Corporate bonds and redeemable preferred stock

 $27,043  $-  $27,043  $- 

Derivatives

  4,836   -   4,836   - 

Equity securities

  965   352   613   - 

Foreign Government Bond

  88   -   88   - 

Municipal bonds

  19,914   -   19,914   - 

RMBS

  5   -   5   - 

SBA loans

  28,328   -   28,328   - 

U.S. government agency MBS and CMOs

  45,911   -   45,911   - 

U.S. government agency debt securities

  21,242   -   21,242   - 

Total investments - trading

 $148,332  $352  $147,980  $- 
                 

Other investments, at fair value:

                

Equity securities

 $1,954  $1,954  $-  $- 

Equity derivatives

  73   -   73   - 

Restricted equity securities

  10,632   6,722   3,910   - 

Corporate bonds and redeemable preferred stock

  531   -   531   - 

Notes receivable

  11,250   -   11,250   - 

Interests in SPVs

  1,565   -   1,565   - 
   26,005  $8,676  $17,329  $- 

Investments measured at NAV (1)

  9,257             

Total other investments, at fair value

 $35,262             
                 

Liabilities

                

Trading securities sold, not yet purchased:

                

Corporate bonds and redeemable preferred stock

 $7,342  $-  $7,342  $- 

Derivatives

  4,050   -   4,050   - 

Equity securities

  83   83   -   - 

U.S. government agency debt securities

  40   -   40   - 

U.S. Treasury securities

  24,917   24,917   -   - 

Total trading securities sold, not yet purchased

 $36,432  $25,000  $11,432  $- 
                

Other investments, sold not yet purchased:

                

Equity securities

 $1,181  $1,181  $-  $- 

Share forward liabilities

  470   -   470   - 

Total other investments sold, not yet purchased

 $1,651  $1,181  $470  $- 
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Table Text Block]
  Fair Value March 31, 2025  

Unfunded Commitments

  

Redemption Frequency

  

Redemption Notice Period

 

Other investments, at fair value

                

CREO JV (a)

 $6,503  $10,118   N/A   N/A 

U.S. Insurance JV (b)

  2,548   N/A   N/A   N/A 
  $9,051             
  

Fair Value December 31, 2024

  

Unfunded Commitments

  

Redemption Frequency

  

Redemption Notice Period

 

Other investments, at fair value

                

CREO JV (a)

 $6,432  $10,118   N/A   N/A 

U.S. Insurance JV (b)

 2,825  N/A  N/A  N/A 
  $9,257