Intellinetics, Inc. (OTCMKTS:INLX) Director John C. Guttilla Acquires 3,000 Shares

Intellinetics, Inc. (OTCMKTS:INLX - Get Free Report) Director John C. Guttilla purchased 3,000 shares of the company's stock in a transaction on Friday, March 28th. The shares were purchased at an average cost of $12.00 per share, for a total transaction of $36,000.00. Following the completion of the transaction, the director now directly owns 24,905 shares of the company's stock, valued at approximately $298,860. This represents a 13.70 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Intellinetics Stock Performance

Shares of INLX traded down $0.19 during mid-day trading on Friday, reaching $13.70. The company's stock had a trading volume of 1,408 shares, compared to its average volume of 6,688. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31. The stock has a market cap of $58.35 million, a P/E ratio of 91.34 and a beta of 0.54. Intellinetics, Inc. has a 1-year low of $5.85 and a 1-year high of $16.50. The business has a 50-day simple moving average of $12.33 and a two-hundred day simple moving average of $13.07.

Hedge Funds Weigh In On Intellinetics

A hedge fund recently raised its stake in Intellinetics stock. Geode Capital Management LLC boosted its stake in Intellinetics, Inc. (OTCMKTS:INLX - Free Report) by 34.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund 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 filing with the SEC. 0.75% of the stock is owned by hedge funds and other institutional investors.

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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.