Intellinetics (NYSEAMERICAN:INLX) Major Shareholder Robert Taglich Sells 3,754 Shares

Intellinetics, Inc. (NYSEAMERICAN:INLX) major shareholder Robert Taglich sold 3,754 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $6.58, for a total transaction of $24,701.32. Following the completion of the transaction, the insider directly owned 454,888 shares of the company’s stock, valued at approximately $2,993,163.04. This trade represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, June 17th, Robert Taglich sold 550 shares of Intellinetics stock. The stock was sold at an average price of $6.50, for a total value of $3,575.00.

Intellinetics Price Performance

Shares of INLX traded down $0.64 on Thursday, reaching $5.87. The stock had a trading volume of 15,924 shares, compared to its average volume of 4,897. Intellinetics, Inc. has a twelve month low of $5.25 and a twelve month high of $14.57. The firm has a market capitalization of $26.36 million, a PE ratio of -11.08 and a beta of 0.16. The firm has a 50-day moving average of $6.77 and a 200 day moving average of $7.52. The company has a quick ratio of 0.87, a current ratio of 0.90 and a debt-to-equity ratio of 0.01.

Intellinetics (NYSEAMERICAN:INLX) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.22). Intellinetics had a negative net margin of 14.31% and a negative return on equity of 16.89%. The business had revenue of $3.91 million during the quarter, compared to analyst estimates of $4.55 million.

Institutional Investors Weigh In On Intellinetics

A hedge fund recently raised its stake in Intellinetics stock. Bard Associates Inc. increased its stake in Intellinetics, Inc. (NYSEAMERICAN:INLX) by 51.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 332,447 shares of the company’s stock after buying an additional 112,778 shares during the quarter. Bard Associates Inc. owned about 7.42% of Intellinetics worth $2,652,000 as of its most recent filing with the SEC. Institutional investors own 0.75% of the company’s stock.

Intellinetics Company Profile

Intellinetics, Inc is a provider of enterprise content management and digital transformation solutions designed to help organizations streamline document-centric processes and improve operational efficiency. The company’s platform enables clients to capture, store, manage and retrieve both paper and electronic records through a unified system, reducing reliance on manual workflows and minimizing the risks associated with paper-based information handling.

The company offers a range of software products and professional services aimed at automating business processes and ensuring secure, compliant access to critical data.