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

Intellinetics, Inc. (NYSEAMERICAN:INLX) major shareholder Robert Taglich purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, October 6th. The shares were purchased at an average price of $5.00 per share, with a total value of $20,000.00. Following the completion of the acquisition, the insider directly owned 459,338 shares of the company’s stock, valued at approximately $2,296,690. This trade represents a 0.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% 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 acquired at an average cost of $5.00 per share, for a total transaction of $5.00.
• On Monday, August 31st, Robert Taglich acquired 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 Price Performance

NYSEAMERICAN INLX opened at $5.40 on Friday. The stock has a 50-day simple moving average of $5.38 and a 200 day simple moving average of $6.13. Intellinetics, Inc. has a twelve month low of $4.51 and a twelve month high of $11.75. The stock has a market capitalization of $24.25 million, a PE ratio of -8.44 and a beta of 0.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.73 and a current ratio of 0.75.

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

Hedge Funds Weigh In On Intellinetics

A hedge fund recently bought a new position in Intellinetics stock. BlackRock Inc. purchased a new position in Intellinetics, Inc. (NYSEAMERICAN:INLX) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 9,158 shares of the company’s stock, valued at approximately $50,000. BlackRock Inc. owned about 0.20% of Intellinetics at the end of the most recent reporting period. Institutional investors own 0.75% of the company’s stock.

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.