StockNews.com Initiates Coverage on Ashford (NYSE:AINC)

StockNews.com started coverage on shares of Ashford (NYSE:AINC) in a research report released on Monday. The firm issued a buy rating on the stock.

Ashford Stock Down 0.4 %

Shares of NYSE AINC opened at $4.82 on Monday. Ashford has a twelve month low of $1.91 and a twelve month high of $11.10. The company has a market capitalization of $16.54 million, a P/E ratio of -0.36 and a beta of 1.25.

Ashford (NYSE:AINC) last announced its earnings results on Wednesday, May 8th. The company reported $1.88 earnings per share for the quarter. The business had revenue of $209.13 million during the quarter. Ashford had a negative net margin of 0.60% and a negative return on equity of 17.01%.

Insider Buying and Selling at Ashford

In other Ashford news, CEO Monty J. Bennett acquired 200,000 shares of the business’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 transaction, the chief executive officer now directly owns 467,504 shares in the company, valued at approximately $2,295,444.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company 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.