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 Saturday. The brokerage issued a buy rating on the stock.

Ashford Price Performance

NYSE:AINC opened at $4.81 on Friday. Ashford has a fifty-two week low of $1.91 and a fifty-two week high of $11.90. The company has a market cap of $16.50 million, a P/E ratio of -0.36 and a beta of 1.64.

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

Insider Buying and Selling at Ashford

In other news, CEO Monty J. Bennett acquired 200,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were acquired at an average price of $4.91 per share, with a total value of $982,000.00. Following the acquisition, the chief executive officer now directly owns 467,504 shares in the company, valued at $2,295,444.64. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 60.40% of the stock is currently 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.