Intellinetics (NYSEAMERICAN:INLX) Stock: Insider Robert Taglich Acquires 4,000 Shares

Intellinetics, Inc. (NYSEAMERICAN:INLX) major shareholder Robert Taglich bought 4,000 shares of the stock in a transaction dated Tuesday, October 6th. The shares were purchased at an average price of $5.00 per share, for a total transaction of $20,000.00. Following the purchase, the insider owned 459,338 shares of the company’s stock, valued at $2,296,690. This trade represents a 0.88% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases 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 stock was purchased at an average price of $5.00 per share, with a total value of $5.00.
• On Monday, August 31st, Robert Taglich purchased 999 shares of Intellinetics stock. The stock was acquired at an average price of $5.52 per share, for a total transaction of $5,514.48.

Intellinetics Stock Performance

Shares of NYSEAMERICAN:INLX traded up $0.39 on Wednesday, reaching $5.24. 40,155 shares of the company’s stock were exchanged, compared to its average volume of 4,092. Intellinetics, Inc. has a twelve month low of $4.55 and a twelve month high of $11.75. The company has a fifty day moving average of $5.38 and a 200-day moving average of $6.16. The company has a market capitalization of $23.53 million, a price-to-earnings ratio of -8.19 and a beta of 0.15. The company has a current ratio of 0.75, a quick ratio of 0.73 and a debt-to-equity ratio of 0.01.

Intellinetics (NYSEAMERICAN:INLX) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates 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 Inflows and Outflows

A hedge fund recently raised its position in Intellinetics stock. Bard Associates Inc. increased its position in shares of Intellinetics, Inc. (NYSEAMERICAN:INLX) by 51.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 332,447 shares of the company’s stock after purchasing an additional 112,778 shares during the quarter. Bard Associates Inc. owned 7.42% of Intellinetics worth $2,652,000 at the end of the most recent reporting period. 0.75% of the stock is owned by institutional investors.

Intellinetics Company Profile

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.