Ashford Inc. (NYSE:AINC - Get Free Report) CEO Monty J. Bennett bought 200,000 shares of Ashford stock in a transaction dated Monday, April 15th. The stock was purchased at an average cost of $4.91 per share, with a total value of $982,000.00. Following the completion of the acquisition, 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 document filed with the Securities & Exchange Commission, which is accessible through this link.
Ashford Stock Down 0.4 %
AINC opened at $4.81 on Thursday. The company has a market cap of $16.50 million, a price-to-earnings ratio of -0.36 and a beta of 1.64. Ashford Inc. has a 52 week low of $1.91 and a 52 week high of $11.90.
Ashford (NYSE:AINC - Get Free Report) last released its earnings results on Thursday, February 29th. The company reported $0.98 earnings per share (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 for the quarter, compared to analysts' expectations of $187.90 million.
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Separately, StockNews.com began coverage on Ashford in a research note on Friday, April 12th. They set a "buy" rating for the company.
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About Ashford
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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.
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