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

Equities research analysts at StockNews.com initiated coverage on shares of Ashford (NYSE:AINC) in a note issued to investors on Monday. The firm set a “buy” rating on the stock.

Ashford Trading Up 0.2 %

Shares of NYSE AINC opened at $4.82 on Monday. Ashford has a fifty-two week low of $1.91 and a fifty-two week high of $11.90. The stock has a market cap of $16.54 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 earnings per share for the quarter. The business had revenue of $206.81 million during the quarter, compared to analyst estimates of $187.90 million. Ashford had a negative return on equity of 17.01% and a negative net margin of 0.60%.

Insider Activity at Ashford

In related news, CEO Monty J. Bennett acquired 200,000 shares of Ashford stock in a transaction dated Monday, April 15th. The stock was acquired at an average cost of $4.91 per share, with a total value of $982,000.00. Following the purchase, the chief executive officer now directly owns 467,504 shares in the company, valued at approximately $2,295,444.64. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 66.70% of the company’s stock.

About Ashford

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.