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

StockNews.com began coverage on shares of Ashford (NYSE:AINC) in a report published on Sunday morning. The firm issued a buy rating on the stock.

Ashford Trading Up 0.2 %

Shares of AINC stock opened at $4.85 on Friday. The stock has a market cap of $16.64 million, a price-to-earnings ratio of -0.36 and a beta of 1.64. Ashford has a 12 month low of $1.91 and a 12 month high of $11.90.

Ashford (NYSE:AINC) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.98 earnings per share 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 related news, CEO Monty J. Bennett acquired 200,000 shares of the 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 completion of the transaction, the chief executive officer now owns 467,504 shares in the company, valued at approximately $2,295,444.64. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 60.40% of the stock is currently owned by corporate insiders.

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.