Ashford (NYSE:AINC) Research Coverage Started at StockNews.com

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

Ashford Stock Performance

Shares of NYSE:AINC opened at $4.78 on Friday. The company has a market capitalization of $16.40 million, a P/E ratio of -0.36 and a beta of 1.64. Ashford has a fifty-two week low of $1.91 and a fifty-two week high of $11.90.

Ashford (NYSE:AINC) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.98 earnings per share 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 Activity at Ashford

In other news, CEO Monty J. Bennett purchased 200,000 shares of the business’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 transaction, the chief executive officer now directly owns 467,504 shares of the company’s stock, valued at approximately $2,295,444.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 66.70% of the stock is currently owned by corporate 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.