Intellinetics, Inc. (OTCMKTS:INLX – Get Free Report) Director John C. Guttilla bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The shares were bought at an average price of $12.00 per share, for a total transaction of $36,000.00. Following the completion of the acquisition, the director now owns 24,905 shares in the company, valued at approximately $298,860. This trade represents a 13.70 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Intellinetics Stock Up 14.5 %
OTCMKTS:INLX traded up $1.80 during trading hours on Tuesday, hitting $14.21. The stock had a trading volume of 17,206 shares, compared to its average volume of 7,188. The company has a market cap of $60.52 million, a PE ratio of 94.74 and a beta of 0.72. The business has a 50 day simple moving average of $12.25 and a two-hundred day simple moving average of $13.01. Intellinetics, Inc. has a 1-year low of $5.85 and a 1-year high of $16.50. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31.
Institutional Investors Weigh In On Intellinetics
An institutional investor recently raised its position in Intellinetics stock. Geode Capital Management LLC grew its holdings in shares of Intellinetics, Inc. (OTCMKTS:INLX – Free Report) by 34.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,422 shares of the company’s stock after acquiring an additional 6,563 shares during the period. Geode Capital Management LLC owned about 0.60% of Intellinetics worth $285,000 as of its most recent SEC filing. 0.75% of the stock is owned by institutional investors and hedge funds.
About Intellinetics
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.
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