Insider Buying: Intellinetics, Inc. (OTCMKTS:INLX) Director Buys 3,000 Shares of Stock

Intellinetics, Inc. (OTCMKTS:INLX) Director John C. Guttilla purchased 3,000 shares of the stock in a transaction on Friday, March 28th. The shares were purchased at an average cost of $12.00 per share, with a total value of $36,000.00. Following the transaction, the director now owns 24,905 shares of the company’s stock, valued at $298,860. This trade represents a 13.70 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Intellinetics Stock Performance

OTCMKTS INLX opened at $14.21 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.89. Intellinetics, Inc. has a 1-year low of $5.85 and a 1-year high of $16.50. The firm has a market capitalization of $60.52 million, a P/E ratio of 94.74 and a beta of 0.72. The business’s 50-day simple moving average is $12.25 and its 200-day simple moving average is $13.01.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Intellinetics stock. Geode Capital Management LLC lifted its stake in Intellinetics, Inc. (OTCMKTS:INLX) by 34.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,422 shares of the company’s stock after buying an additional 6,563 shares during the period. Geode Capital Management LLC owned approximately 0.60% of Intellinetics worth $285,000 as of its most recent SEC filing. 0.75% of the stock is 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.