Ashford (NYSE:AINC) Now Covered by Analysts at StockNews.com

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

Ashford Stock Down 0.8 %

Shares of AINC stock opened at $4.81 on Monday. The firm has a market cap of $16.50 million, a PE ratio of -0.36 and a beta of 1.25. Ashford has a 1 year low of $1.91 and a 1 year high of $11.90.

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

Insider Buying and Selling at Ashford

In other news, CEO Monty J. Bennett acquired 200,000 shares of Ashford stock in a transaction dated Monday, April 15th. The stock was purchased at an average cost of $4.91 per share, with a total value 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 approximately $2,295,444.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 60.40% 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.