Key Points
- Major shareholder Robert Taglich purchased 4,000 Intellinetics shares at $5.00 each, investing $20,000 and increasing his holdings to 459,338 shares.
- Intellinetics reported weaker-than-expected quarterly results, with a loss of $0.24 per share and revenue of $3.95 million versus the $4.87 million consensus estimate.
- Bard Associates acquired 333,341 shares, representing a 7.42% stake, although institutional investors and hedge funds collectively own just 0.75% of the company.
Intellinetics, Inc. (NYSEAMERICAN:INLX - Get Free Report) major shareholder Robert Taglich purchased 4,000 shares of Intellinetics stock in a transaction dated Tuesday, October 6th. The shares were purchased at an average price of $5.00 per share, for a total transaction of $20,000.00. Following the completion of the acquisition, the insider owned 459,338 shares of the company's stock, valued at approximately $2,296,690. The trade was a 0.88% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 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 acquired 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 acquired 999 shares of Intellinetics stock. The stock was acquired at an average price of $5.52 per share, with a total value of $5,514.48.
Intellinetics Stock Up 8.0%
NYSEAMERICAN:INLX opened at $5.24 on Thursday. The firm's 50 day simple moving average is $5.38 and its 200 day simple moving average is $6.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.75 and a quick ratio of 0.73. Intellinetics, Inc. has a one year low of $4.55 and a one year high of $11.75. The company has a market cap of $23.53 million, a PE ratio of -8.19 and a beta of 0.15.
Intellinetics (NYSEAMERICAN:INLX - Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.17). Intellinetics had a negative return on equity of 22.39% and a negative net margin of 17.56%.The business had revenue of $3.95 million for the quarter, compared to the consensus estimate of $4.87 million.
Institutional Trading of Intellinetics
A hedge fund recently bought a new position in Intellinetics stock. Bard Associates Inc. bought a new position in shares of Intellinetics, Inc. (NYSEAMERICAN:INLX - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 333,341 shares of the company's stock, valued at approximately $1,833,000. Bard Associates Inc. owned 7.42% of Intellinetics at the end of the most recent quarter. 0.75% of the stock is owned by institutional investors and hedge funds.
About Intellinetics
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
