Arbor Wealth Management LLC Acquires New Holdings in Ashford Inc (NYSEAMERICAN:AINC)

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Arbor Wealth Management LLC bought a new position in Ashford Inc (NYSEAMERICAN:AINC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,329 shares of the financial services provider’s stock, valued at approximately $360,000. Arbor Wealth Management LLC owned about 0.46% of Ashford at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AINC. O Brien Greene & Co. Inc boosted its stake in Ashford by 18.7% during the 1st quarter. O Brien Greene & Co. Inc now owns 9,511 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 1,500 shares during the period. Geode Capital Management LLC lifted its position in shares of Ashford by 8.9% in the 4th quarter. Geode Capital Management LLC now owns 10,562 shares of the financial services provider’s stock worth $548,000 after acquiring an additional 864 shares during the period. Dimensional Fund Advisors LP bought a new stake in shares of Ashford in the 4th quarter worth approximately $798,000. Finally, Northern Trust Corp lifted its position in shares of Ashford by 1.5% in the 4th quarter. Northern Trust Corp now owns 12,800 shares of the financial services provider’s stock worth $664,000 after acquiring an additional 188 shares during the period.

Shares of Ashford stock opened at $27.07 on Friday. Ashford Inc has a one year low of $25.77 and a one year high of $95.58.

Ashford (NYSEAMERICAN:AINC) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.38 by ($0.34). The firm had revenue of $63.47 million during the quarter, compared to the consensus estimate of $62.77 million.

In related news, insider J Robison Hays III acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were bought at an average price of $43.42 per share, with a total value of $217,100.00. Following the transaction, the insider now directly owns 15,000 shares of the company’s stock, valued at $651,300. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Jeremy Welter purchased 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was acquired at an average cost of $29.46 per share, for a total transaction of $441,900.00. Following the transaction, the chief operating officer now owns 21,775 shares in the company, valued at approximately $641,491.50. The disclosure for this purchase can be found here.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research cut Ashford from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. B. Riley dropped their price target on Ashford from $74.00 to $59.00 and set a “buy” rating for the company in a report on Monday, August 5th. Finally, TheStreet cut Ashford from a “c-” rating to a “d” rating in a report on Friday, August 2nd.

Ashford 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.

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Institutional Ownership by Quarter for Ashford (NYSEAMERICAN:AINC)

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