ENDI Corp

ENDI Corp's share price increased from $15.00 to $15.20 during the second quarter. The company owns CrossingBridge Advisors, which has seen AUM grow over 19% in 2025 and 30% in 2024, with a 5-6% increase in the first half of 2026. The current interest rate environment is favorable for short-term bonds, which should benefit ENDI. With a market cap of ~$100 million and cash and investments of $55 million, ENDI's adjusted EBITDA annual run rate was $11 million as of March 2026. We expect 2026 GAAP earnings of roughly $0.95 per share, projecting cash earnings of $1.45 per share, indicating a rising fair value as the company executes its growth strategy.

ENDI Corp (otc: ENDI) has shown strong growth in assets under management (AUM) for its subsidiary, CrossingBridge Advisors, which increased over 19% in 2025 and 30% in 2024. Despite a decline in share price from $16.75 to $15.00, the current interest rate environment is favorable for short-term bonds, which should support continued AUM growth. With approximately $55 million in cash and investments and only $10 million in debt, ENDI's financial position is solid. The company is expected to introduce additional products that will further enhance AUM growth, and the manager's fair value estimate continues to rise as ENDI executes its strategy effectively.

ENDI Corp. has shown strong financial performance, with assets under management increasing by 21% to $4.1 billion and overall revenue rising by 38% to $21.3 million for the full year 2025. The adjusted EBITDA also improved significantly, increasing to $11.1 million from $6.5 million compared to the previous year. Despite a decline in share price from $16.75 to $15.00, the company ended 2025 with a robust cash position of $53 million, indicating a solid financial foundation. This growth trajectory and cash reserves position ENDI Corp. favorably for future opportunities.

ENDI Corp (otc: ENDI) has shown significant growth in assets under management (AUM), increasing over 30% in 2024 and over 19% in 2025, reaching in excess of $4.1 billion. Despite accounting challenges affecting reported earnings, the company has adjusted operating margins exceeding 50%, indicating strong operational efficiency. The recent agreement for an early cashless exercise of warrants and the sale of 25% of CrossingBridge for $25.9 million further highlight the company's value and capital allocation strategy. We believe ENDI's fair value estimate continues to rise as it executes well, and we anticipate additional product introductions will support ongoing AUM growth.

ENDI Corp (otc: ENDI) has shown significant growth, with assets under management (AUM) for CrossingBridge Advisors increasing over 30% in 2024, from $2.6 billion to $3.4 billion. By September 2025, AUM exceeded $4.2 billion, marking a 22% increase in the first nine months of 2025. Despite reported operating margins appearing low due to amortization charges, adjusted operating margins were actually between 46% and 49%. The recent cash investment in CrossingBridge for a 25% interest further demonstrates the company's value and provides capital for growth. The fair value estimate continues to rise, suggesting a valuation of $21.85 to $26.50 per share, compared to the current price of $17.50.

ENDI Corp has shown significant growth, with assets under management (AUM) for CrossingBridge Advisors increasing over 30% in 2024, from $2.6 billion to $3.4 billion, and exceeding $4.0 billion by June 2025. The current interest rate environment is favorable for short-term bonds, enhancing ENDI's prospects. Despite significant amortization charges, ENDI's adjusted operating margins are strong at 46-48%. The stock trades at roughly eight times earnings, net of cash, with a fair value estimate rising to between $21.85 and $26.50 per share, compared to the current $16 share price. This reflects the company's continued execution and growth potential.

ENDI Corp's operational performance continues to be exceptionally strong, particularly within its CrossingBridge subsidiary, which has seen its Assets Under Management (AUM) surpass $4 billion, up from $3.4 billion at the start of the year. The market is currently valuing ENDI's share of this AUM at only $43 million, significantly lower than the $104 million valuation from a recent partial sale of 25% of CrossingBridge. This discrepancy suggests that the market is underestimating the value of ENDI's growing AUM, and as the company continues to perform well operationally, its fair value is expected to increase.

ENDI Corp's share price has risen significantly, reflecting its strong performance and undervaluation. The company, which includes the CrossingBridge asset management subsidiary, has seen assets under management grow to $4.2 billion, with an EBITDA of $9.2 million over the past year. The current market capitalization of about $95 million, when adjusted for cash and investments, implies an EBITDA multiple of roughly 4x. The manager's direct involvement as a board member and the company's diversification at the corporate level further support the investment thesis.

Endi Corp announced the sale of a 25% stake in its bond fund subsidiary CrossingBridge for $25.6 million, implying a non-control valuation of over $100 million for CrossingBridge compared to the entire company's pre-deal valuation of about $60 million. This sale is likely aimed at raising growth capital without diluting ENDI stock. CrossingBridge is experiencing strong demand for its global credit products, with assets under management growing to $3.8 billion as of March 31, 2025. Despite a 30% YTD increase, the stock remains undervalued based on earnings power, with EBIT projected to reach $20 million within three years and a strong balance sheet to support growth.

ENDI Corp's share price rose from $11.43 to $12.00 in the first quarter, reflecting strong performance. The company owns CrossingBridge Advisors, which saw assets under management grow over 30% in 2024, from $2.6 billion to $3.4 billion. As of March 2025, AUM reached $3.8 billion, indicating a 10% increase in just the first quarter. The current interest rate environment is favorable for short-term bonds, enhancing ENDI's prospects. Adjusted operating margins are strong at 47-48%, and cash earnings were $0.35 per share, annualized to $1.40. The stock trades at just seven times earnings net of cash, suggesting significant upside potential.