Ashford (NYSE:AINC) Now Covered by Analysts at StockNews.com

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

Ashford Price Performance

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

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

Insider Transactions at Ashford

In other news, CEO Monty J. Bennett acquired 200,000 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were bought 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 directly owns 467,504 shares in the company, valued at approximately $2,295,444.64. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 66.70% of the company’s stock.

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.