Monty J. Bennett Buys 200,000 Shares of Ashford Inc. (NYSE:AINC) Stock

Ashford Inc. (NYSE:AINC) 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 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 owns 467,504 shares in the company, valued at approximately $2,295,444.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ashford Stock Up 0.4 %

AINC opened at $4.83 on Friday. The company has a market capitalization of $16.57 million, a P/E ratio of -0.36 and a beta of 1.64. Ashford Inc. has a 12 month low of $1.91 and a 12 month high of $11.90.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Ashford in a report on Friday, April 12th. They issued a “buy” rating for the company.

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.