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 report released on Sunday. The firm set a “buy” rating on the stock.

Ashford Price Performance

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

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

Insider Transactions at Ashford

In other Ashford news, CEO Monty J. Bennett acquired 200,000 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was purchased at an average price of $4.91 per share, with a total value 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 approximately $2,295,444.64. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate 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.