Ashford (NYSE:AINC) Earns Buy Rating from Analysts at StockNews.com

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

Ashford Trading Up 0.8 %

NYSE:AINC opened at $4.89 on Friday. Ashford has a 52-week low of $1.91 and a 52-week high of $11.90. The stock has a market cap of $16.77 million, a P/E ratio of -0.37 and a beta of 1.64.

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

Insider Buying and Selling

In other Ashford news, CEO Monty J. Bennett acquired 200,000 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was acquired 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 owns 467,504 shares of the company’s stock, 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. 60.40% of the stock is currently owned by corporate insiders.

Ashford Company Profile

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.