Intellinetics, Inc. (OTCMKTS:INLX) Director John C. Guttilla Acquires 3,500 Shares

Intellinetics, Inc. (OTCMKTS:INLX) Director John C. Guttilla purchased 3,500 shares of the stock in a transaction dated Thursday, December 5th. The stock was purchased at an average price of $14.50 per share, for a total transaction of $50,750.00. Following the completion of the acquisition, the director now directly owns 21,905 shares in the company, valued at approximately $317,622.50. This represents a 19.02 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

Intellinetics Stock Up 1.6 %

Shares of INLX stock opened at $13.34 on Tuesday. The stock’s fifty day moving average price is $13.77 and its 200 day moving average price is $10.15. Intellinetics, Inc. has a 1-year low of $3.76 and a 1-year high of $16.50. The company has a market cap of $56.44 million, a price-to-earnings ratio of -148.22 and a beta of 0.39. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.89.

Hedge Funds Weigh In On Intellinetics

A hedge fund recently raised its stake in Intellinetics stock. Bard Associates Inc. increased its stake in shares of Intellinetics, Inc. (OTCMKTS:INLX) by 2.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,567 shares of the company’s stock after buying an additional 2,922 shares during the quarter. Bard Associates Inc. owned about 2.61% of Intellinetics worth $1,237,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 0.75% of the company’s stock.

Intellinetics Company Profile

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.