Robert Taglich Sells 3,754 Shares of Intellinetics (NYSEAMERICAN:INLX) Stock

Intellinetics, Inc. (NYSEAMERICAN:INLX) major shareholder Robert Taglich sold 3,754 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $6.58, for a total transaction of $24,701.32. Following the transaction, the insider directly owned 454,888 shares in the company, valued at approximately $2,993,163.04. The trade was a 0.82% decrease in their ownership of the stock. The transaction 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 Wednesday, June 17th, Robert Taglich sold 550 shares of Intellinetics stock. The shares were sold at an average price of $6.50, for a total transaction of $3,575.00.

Intellinetics Price Performance

INLX stock opened at $5.87 on Friday. Intellinetics, Inc. has a 52 week low of $5.25 and a 52 week high of $14.57. The company has a quick ratio of 0.87, a current ratio of 0.90 and a debt-to-equity ratio of 0.01. The firm has a 50-day simple moving average of $6.74 and a 200-day simple moving average of $7.51. The stock has a market capitalization of $26.36 million, a P/E ratio of -11.08 and a beta of 0.16.

Intellinetics (NYSEAMERICAN:INLX) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.27) earnings per share 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 company had revenue of $3.91 million during the quarter, compared to analysts’ expectations of $4.55 million.

Institutional Trading of Intellinetics

A hedge fund recently raised its stake in Intellinetics stock. Bard Associates Inc. boosted its position in Intellinetics, Inc. (NYSEAMERICAN:INLX) by 51.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 332,447 shares of the company’s stock after purchasing an additional 112,778 shares during the quarter. Bard Associates Inc. owned about 7.42% of Intellinetics worth $2,652,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.75% of the company’s stock.

About Intellinetics

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.