Ashford (NYSE:AINC) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Ashford (NYSE:AINC) in a research report released on Saturday. The firm issued a buy rating on the stock.

Ashford Stock Up 0.2 %

AINC opened at $4.81 on Friday. Ashford has a twelve month low of $1.91 and a twelve month high of $11.90. The firm has a market cap of $16.50 million, a PE ratio of -0.36 and a beta of 1.64.

Ashford (NYSE:AINC) last issued its earnings results on Thursday, February 29th. The company reported $0.98 earnings per share (EPS) for the quarter. Ashford had a negative net margin of 0.60% and a negative return on equity of 17.01%. The business had revenue of $206.81 million for the quarter, compared to analyst estimates of $187.90 million.

Insider Activity at Ashford

In related news, CEO Monty J. Bennett acquired 200,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was acquired at an average price of $4.91 per share, for a total transaction of $982,000.00. Following the completion of the acquisition, the chief executive officer now owns 467,504 shares of the company’s stock, valued at approximately $2,295,444.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 60.40% of the stock is owned by insiders.

Ashford Company Profile

Ashford, Inc is an asset management firm. The firm provides investment management and related services to the real estate and hospitality sectors. Ashford, Inc was formed on April 2, 2014 and is based in Dallas, Texas. Ashford Inc(NYSEAM:AINC) operates independently of Ashford Hospitality Trust, Inc as of November 5, 2019.