ENDI Corp: Fair Value Estimate Keeps Rising

2025-10-22 04:00:00 ET

The following segment was excerpted from Cedar Creek Partners' Q3 2025 Results

We profiled ENDI Corp. ( ENDI ) in our 2024 first quarter letter when the share price was around $6.50 per share. The share price rose during the third quarter from $15.65 per share to $17.55 per share. ENDI owns CrossingBridge Advisors which manages fixed income mutual funds and a few managed accounts. Assets under management ('AUM') for CrossingBridge grew over 30% in 2024, from $2.6 billion at the beginning of 2024, adjusted for the acquisition of the RiverPark Short Term High Yield Fund ( RPHIX ), to $3.4 billion at the end of 2024. According to their website, as of the end of September 2025, AUM was in excess of $4.2 billion, an increase of over 22% in the first nine months of 2025. With short term rates falling, we think investors may move into the short-term bond category to gain higher yield than money markets....

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