StockNews.com Begins Coverage on Ashford (NYSE:AINC)

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

Ashford Stock Performance

NYSE:AINC opened at $4.83 on Friday. Ashford has a twelve month low of $1.91 and a twelve 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 issued its earnings results on Thursday, February 29th. The company reported $0.98 earnings per share 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 for the quarter, compared to the consensus estimate of $187.90 million.

Insider Activity

In other Ashford news, CEO Monty J. Bennett acquired 200,000 shares of the company’s stock in a transaction on Monday, April 15th. The shares were purchased at an average price of $4.91 per share, for a total transaction of $982,000.00. Following the completion of the purchase, the chief executive officer now directly owns 467,504 shares of the company’s stock, valued at $2,295,444.64. The transaction was disclosed in a document filed with the SEC, which is available through this link. 66.70% of the stock is owned by 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.