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

Equities research analysts at StockNews.com began coverage on shares of Ashford (NYSE:AINC) in a research note issued to investors on Monday. The brokerage set a “buy” rating on the stock.

Ashford Stock Performance

Shares of NYSE:AINC opened at $4.85 on Monday. Ashford has a fifty-two week low of $1.91 and a fifty-two week high of $11.90. The company has a market capitalization of $16.64 million, a P/E ratio of -0.36 and a beta of 1.25.

Ashford (NYSE:AINC) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.98 EPS for the quarter. The company 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%.

Insiders Place Their Bets

In other Ashford news, CEO Monty J. Bennett bought 200,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was 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 in the company, valued at $2,295,444.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 66.70% of the stock is owned by company 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.