Intellinetics (NYSEAMERICAN:INLX) Major Shareholder Robert Taglich Buys 4,000 Shares of Stock

Intellinetics, Inc. (NYSEAMERICAN:INLX) major shareholder Robert Taglich purchased 4,000 shares of the stock in a transaction on Tuesday, October 6th. The shares were bought at an average cost of $5.00 per share, for a total transaction of $20,000.00. Following the transaction, the insider directly owned 459,338 shares in the company, valued at approximately $2,296,690. The trade was a 0.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Robert Taglich also recently made the following trade(s):

• On Thursday, August 27th, Robert Taglich bought 1 shares of Intellinetics stock. The stock was purchased at an average cost of $5.00 per share, with a total value of $5.00.
• On Monday, August 31st, Robert Taglich bought 999 shares of Intellinetics stock. The shares were purchased at an average price of $5.52 per share, for a total transaction of $5,514.48.

Intellinetics Stock Performance

NYSEAMERICAN INLX traded up $0.39 on Wednesday, hitting $5.24. 40,155 shares of the stock were exchanged, compared to its average volume of 4,092. The company has a market capitalization of $23.53 million, a PE ratio of -8.19 and a beta of 0.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.75 and a quick ratio of 0.73. The business’s fifty day moving average is $5.38 and its 200 day moving average is $6.16. Intellinetics, Inc. has a 52 week low of $4.55 and a 52 week high of $11.75.

Intellinetics (NYSEAMERICAN:INLX) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.17). The firm had revenue of $3.95 million for the quarter, compared to analyst estimates of $4.87 million. Intellinetics had a negative return on equity of 22.39% and a negative net margin of 17.56%.

Institutional Trading of Intellinetics

An institutional investor recently bought a new stake in Intellinetics stock. BlackRock Inc. purchased a new stake in Intellinetics, Inc. (NYSEAMERICAN:INLX) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,158 shares of the company’s stock, valued at approximately $50,000. BlackRock Inc. owned about 0.20% of Intellinetics as of its most recent filing with the Securities and Exchange Commission. 0.75% of the stock is currently owned by institutional investors.

Intellinetics Company Profile

Intellinetics, Inc provides cloud-based content management and workflow automation solutions designed to help organizations capture, organize, secure and manage business documents and information. Its offerings support the digitization of paper records and the automation of document-intensive processes, helping customers improve access to information, compliance and operational efficiency.

The company’s solutions include document management, electronic records management, document imaging, workflow automation and related software and services.