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

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

Ashford Price Performance

Shares of Ashford stock opened at $4.84 on Wednesday. Ashford has a 1 year low of $1.91 and a 1 year high of $10.89. The firm has a market cap of $16.60 million, a P/E ratio of -0.37 and a beta of 1.25.

Ashford (NYSE:AINC) last issued its earnings results on Wednesday, May 8th. The company reported $1.88 earnings per share (EPS) for the quarter. Ashford had a negative net margin of 0.55% and a negative return on equity of 21.29%. The firm had revenue of $209.13 million during the quarter.

Insider Activity

In related news, CEO Monty J. Bennett bought 200,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were acquired at an average price of $4.91 per share, for a total transaction of $982,000.00. Following the completion of the transaction, the chief executive officer now directly owns 467,504 shares in the company, valued at $2,295,444.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company 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.