Ashford (NYSE:AINC) Research Coverage Started at StockNews.com

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

Ashford Stock Performance

AINC stock opened at $4.85 on Monday. Ashford has a twelve month low of $1.91 and a twelve month high of $11.18. The stock has a market cap of $16.64 million, a P/E ratio of -0.36 and a beta of 1.25.

Ashford (NYSE:AINC) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.98 EPS for the quarter. The company had revenue of $206.81 million during the quarter, compared to the consensus estimate of $187.90 million. Ashford had a negative return on equity of 17.01% and a negative net margin of 0.60%.

Insider Buying and Selling at Ashford

In other Ashford news, CEO Monty J. Bennett purchased 200,000 shares of the business’s stock in a transaction on Monday, April 15th. The stock was purchased at an average price of $4.91 per share, for a total transaction of $982,000.00. Following the completion of the purchase, the chief executive officer now directly owns 467,504 shares in the company, valued at $2,295,444.64. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 66.70% of the company’s stock.

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.