Insider Buying: Intellinetics, Inc. (OTCMKTS:INLX) Director Purchases 3,500 Shares of Stock

Intellinetics, Inc. (OTCMKTS:INLX) Director John C. Guttilla bought 3,500 shares of the stock in a transaction on Thursday, December 5th. The shares were acquired at an average cost of $14.50 per share, for a total transaction of $50,750.00. Following the completion of the transaction, the director now directly owns 21,905 shares of the company’s stock, valued at approximately $317,622.50. The trade was a 19.02 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Intellinetics Stock Up 2.9 %

Shares of OTCMKTS INLX traded up $0.38 during mid-day trading on Monday, reaching $13.50. 2,019 shares of the company traded hands, compared to its average volume of 11,631. The company’s fifty day moving average is $13.73 and its two-hundred day moving average is $10.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.89 and a current ratio of 0.91. Intellinetics, Inc. has a fifty-two week low of $3.76 and a fifty-two week high of $16.50. The stock has a market cap of $57.12 million, a PE ratio of -145.83 and a beta of 0.39.

Hedge Funds Weigh In On Intellinetics

An institutional investor recently raised its position in Intellinetics stock. Geode Capital Management LLC raised its holdings in Intellinetics, Inc. (OTCMKTS:INLX) by 34.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,422 shares of the company’s stock after buying an additional 6,563 shares during the quarter. Geode Capital Management LLC owned 0.60% of Intellinetics worth $285,000 at the end of the most recent quarter. 0.75% of the stock is currently owned by hedge funds and other institutional investors.

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.