Ashford (NYSE:AINC) Coverage Initiated at StockNews.com

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

Ashford Stock Performance

Shares of AINC opened at $4.85 on Friday. Ashford has a 1-year low of $1.91 and a 1-year high of $11.90. The firm has a market cap of $16.64 million, a P/E ratio of -0.36 and a beta of 1.64.

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

Insider Buying and Selling

In other Ashford news, CEO Monty J. Bennett bought 200,000 shares of Ashford stock in a transaction dated Monday, April 15th. The stock was bought at an average price of $4.91 per share, with a total value of $982,000.00. Following the completion of the transaction, the chief executive officer now owns 467,504 shares in the company, valued at approximately $2,295,444.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 60.40% of the stock is currently 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.