Intellinetics (OTCMKTS:INLX) Shares Down 0.7% – Here’s What Happened

Intellinetics, Inc. (OTCMKTS:INLXGet Free Report) traded down 0.7% on Tuesday . The company traded as low as $12.20 and last traded at $12.20. 4,493 shares changed hands during trading, a decline of 17% from the average session volume of 5,411 shares. The stock had previously closed at $12.29.

Intellinetics Stock Performance

The company has a fifty day moving average of $13.21 and a two-hundred day moving average of $12.60. The firm has a market capitalization of $51.62 million, a price-to-earnings ratio of 81.34 and a beta of 0.39. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.89 and a current ratio of 0.91.

Insider Transactions at Intellinetics

In other Intellinetics news, Director John C. Guttilla bought 3,500 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were purchased at an average price of $14.50 per share, for a total transaction of $50,750.00. Following the transaction, the director now directly owns 21,905 shares in the company, valued at approximately $317,622.50. This trade represents a 19.02 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 32.08% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Intellinetics stock. Bard Associates Inc. boosted its position in shares of Intellinetics, Inc. (OTCMKTS:INLXFree Report) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,668 shares of the company’s stock after buying an additional 5,101 shares during the period. Bard Associates Inc. owned approximately 2.73% of Intellinetics worth $1,590,000 at the end of the most recent quarter. 0.75% of the stock is currently owned by hedge funds and other institutional investors.

About Intellinetics

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Intellinetics, Inc designs, develops, tests, markets, and licenses document services and software solutions in the United States. The company operates in two segments, Document Management and Document Conversion. Its software platform allows its customers to capture and manage documents across operations, such as scanned hard-copy documents and digital documents, including Microsoft Office 365, digital images, audio, videos, and emails.

Further Reading

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