Ashford (NYSE:AINC) Earns Buy Rating from Analysts at StockNews.com

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

Ashford Trading Up 0.6 %

Ashford stock opened at $4.85 on Monday. The stock has a market capitalization of $16.64 million, a PE ratio of -0.36 and a beta of 1.25. Ashford has a 12 month low of $1.91 and a 12 month high of $11.18.

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

Insider Transactions at Ashford

In related news, CEO Monty J. Bennett bought 200,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were acquired at an average cost of $4.91 per share, for a total transaction of $982,000.00. Following the acquisition, 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 legal filing with the SEC, which is accessible through this link. 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.