Insider Buying: Intellinetics (NYSEAMERICAN:INLX) Major Shareholder Buys $20,000.00 in Stock

Intellinetics, Inc. (NYSEAMERICAN:INLX – Get Free Report) major shareholder Robert Taglich bought 4,000 shares of the firm’s stock in a transaction on Tuesday, October 6th. The stock was purchased at an average price of $5.00 per share, with a total value of $20,000.00. Following the transaction, the insider owned 459,338 shares in the company, valued at $2,296,690. The trade was a 0.88% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Robert Taglich also recently made the following trade(s):

  • On Thursday, August 27th, Robert Taglich purchased 1 shares of Intellinetics stock. The shares were acquired at an average cost of $5.00 per share, for a total transaction of $5.00.
  • On Monday, August 31st, Robert Taglich purchased 999 shares of Intellinetics stock. The shares were acquired at an average cost of $5.52 per share, for a total transaction of $5,514.48.

Intellinetics Stock Performance

Shares of NYSEAMERICAN INLX opened at $4.78 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.73 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $5.36 and a 200-day simple moving average of $6.12. The company has a market cap of $21.46 million, a PE ratio of -7.47 and a beta of 0.15. Intellinetics, Inc. has a 12-month low of $4.51 and a 12-month high of $11.75.

Intellinetics (NYSEAMERICAN:INLX – Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.17). The business had revenue of $3.95 million during the quarter, compared to analyst estimates of $4.87 million. Intellinetics had a negative net margin of 17.56% and a negative return on equity of 22.39%.

Institutional Investors Weigh In On Intellinetics

An institutional investor recently raised its stake in Intellinetics stock. Bard Associates Inc. boosted its stake in Intellinetics, Inc. (NYSEAMERICAN:INLX – Free Report) by 51.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 332,447 shares of the company’s stock after buying an additional 112,778 shares during the period. Bard Associates Inc. owned 7.42% of Intellinetics worth $2,652,000 at the end of the most recent quarter. 0.75% of the stock is currently owned by institutional investors.

Intellinetics Company Profile

(Get Free Report)

Intellinetics, Inc provides cloud-based content management and workflow automation solutions designed to help organizations capture, organize, secure and manage business documents and information. Its offerings support the digitization of paper records and the automation of document-intensive processes, helping customers improve access to information, compliance and operational efficiency.

The company’s solutions include document management, electronic records management, document imaging, workflow automation and related software and services.

See Also

Insider Buying and Selling by Quarter for Intellinetics (NYSEAMERICAN:INLX)

Receive News & Ratings for Intellinetics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intellinetics and related companies with MarketBeat.com's FREE daily email newsletter.