Insider Buying: Ashford Inc. (NYSE:AINC) CEO Buys 200,000 Shares of Stock

Ashford Inc. (NYSE:AINC) CEO Monty J. Bennett acquired 200,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were bought at an average cost of $4.91 per share, with a total value of $982,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 467,504 shares of the company’s stock, valued at $2,295,444.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ashford Price Performance

Shares of AINC stock opened at $4.83 on Friday. Ashford Inc. has a 12 month low of $1.91 and a 12 month high of $11.90. The company has a market cap of $16.57 million, a price-to-earnings ratio of -0.36 and a beta of 1.64.

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

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Ashford in a report on Friday, April 12th. They set a “buy” rating for the company.

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.