Intellinetics (OTCMKTS:INLX) Shares Down 2.3% – Here’s What Happened

Intellinetics, Inc. (OTCMKTS:INLX) shares traded down 2.3% on Monday . The company traded as low as $13.75 and last traded at $13.75. 1,169 shares were traded during mid-day trading, a decline of 90% from the average session volume of 11,176 shares. The stock had previously closed at $14.07.

Intellinetics Price Performance

The company has a market cap of $58.18 million, a PE ratio of 91.67 and a beta of 0.39. The stock has a fifty day simple moving average of $14.10 and a two-hundred day simple moving average of $10.97. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31.

Insider Buying and Selling

In related news, Director John C. Guttilla bought 3,500 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was bought at an average cost of $14.50 per share, with a total value of $50,750.00. Following the completion of the acquisition, the director now owns 21,905 shares in the company, valued at approximately $317,622.50. This represents a 19.02 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 32.08% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Intellinetics

An institutional investor recently raised its position in Intellinetics stock. Geode Capital Management LLC boosted its holdings in shares of Intellinetics, Inc. (OTCMKTS:INLX) by 34.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period. Institutional investors own 0.75% of the company’s stock.

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.