Intellinetics, Inc. (OTCMKTS:INLX) Position Boosted by Bard Associates Inc.

Bard Associates Inc. raised its holdings in shares of Intellinetics, Inc. (OTCMKTS:INLX) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,668 shares of the company’s stock after acquiring an additional 5,101 shares during the period. Bard Associates Inc. owned approximately 2.73% of Intellinetics worth $1,590,000 as of its most recent SEC filing.

Separately, Geode Capital Management LLC boosted its holdings in shares of Intellinetics by 34.8% in the third quarter. Geode Capital Management LLC now owns 25,422 shares of the company’s stock valued at $285,000 after acquiring an additional 6,563 shares in the last quarter. 0.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director John C. Guttilla purchased 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average price of $14.50 per share, for a total transaction of $50,750.00. Following the transaction, the director now directly owns 21,905 shares of the company’s stock, valued at $317,622.50. This trade 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. Insiders own 32.08% of the company’s stock.

Intellinetics Trading Down 3.1 %

Shares of Intellinetics stock opened at $11.76 on Tuesday. The business has a fifty day simple moving average of $13.05 and a 200-day simple moving average of $12.69. Intellinetics, Inc. has a fifty-two week low of $5.85 and a fifty-two week high of $16.50. The firm has a market cap of $49.76 million, a price-to-earnings ratio of 78.41 and a beta of 0.39. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.31.

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.