Ashford Inc
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Financials : Capital Markets | Small Cap Blend
Company profile

Ashford Inc. provides asset management and advisory services to other entities, primarily within the hospitality industry. The Company operates in the segment of asset and investment management, which includes managing the day-to-day operations of Ashford Hospitality Prime, Inc. (Ashford Prime) and its subsidiaries. The Company serves as the advisor to Ashford Prime, an New York Stock Exchange (NYSE)-listed real estate investment trust (REIT) that invests primarily in high revenue per available room (RevPAR), luxury, upper-upscale and upscale hotels in gateway and resort locations. The Company also serves as the advisor to Ashford Hospitality Trust, Inc. (Ashford Trust), which is focused on investing opportunistically in the hospitality industry with a focus on upscale and upper-upscale hotels in the United States. The Company conducts its business and owns substantially all of its assets through an operating entity, Ashford Hospitality Advisors LLC (Ashford LLC).

Closing Price
$20.85
Day's Change
-0.68 (-3.16%)
Bid
--
Ask
--
B/A Size
--
Day's High
21.17
Day's Low
20.66
Volume
(Average)
Volume:
8,524

10-day average volume:
8,964
8,524

Dow notches 5th straight gain, marks longest win streak in 3 months; small-caps outperform

4:09 pm ET September 10, 2019 (MarketWatch)
Print

U.S. stock benchmarks closed mostly higher Tuesday, delivering a late-session jolt higher, backed by gains in energy and materials as bond yields jumped. Meanwhile, small-capitalization stocks delivered a marked outperformance against large caps, underscoring a rotation that appeared to be playing out in the market over the past few sessions, away from higher momentum stocks. The Dow Jones Industrial Average finished nearly 74 points at 26,909, booking a fifth straight gain, which would be its best streak since a six-session climb ended June 10. The S&P 500 index closed less than 0.1% higher at 2,979, buoyed by a surge in the energy sector (XLE), up 1.3%, and materials (XLB), which gained 1%, offsetting selling in information tech (XLK), down 0.5%, and consumer-staples shares (XLY), off 0.6%. The Nasdaq Composite Index finished down less than 0.1% to close at 8,084. All three benchmarks took a late burst higher in the final minutes of Tuesday trade. Separately, the small-capitalization oriented Russell 2000 index climbed over 1% on the day, surpassing the other major benchmarks. The moves come as the 10-year Treasury yield climbed more than 10 basis points to 1.72%. Bond yields rise as prices fall. In corporate news, Apple Inc. (TICKER:AAPL) shares gained 2.5% as it announced new model iPhones and other products at its annual launch event Tuesday afternoon.

-Mark DeCambre; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 10, 2019 16:09 ET (20:09 GMT)

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