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 that occurred 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 completion of the sale, the insider directly owned 454,888 shares of the company’s stock, valued at $2,993,163.04. This trade represents a 0.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more 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 stock was sold at an average price of $6.50, for a total transaction of $3,575.00.

Intellinetics Stock Down 9.8%

Shares of INLX stock traded down $0.64 on Thursday, hitting $5.87. The stock had a trading volume of 15,924 shares, compared to its average volume of 4,897. The stock’s 50 day moving average is $6.77 and its 200-day moving average is $7.52. The firm has a market capitalization of $26.36 million, a price-to-earnings ratio of -11.08 and a beta of 0.16. Intellinetics, Inc. has a 52-week low of $5.25 and a 52-week high of $14.57. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.90.

Intellinetics (NYSEAMERICAN:INLX) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.22). The firm had revenue of $3.91 million for the quarter, compared to analysts’ expectations of $4.55 million. Intellinetics had a negative return on equity of 16.89% and a negative net margin of 14.31%.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Intellinetics stock. Bard Associates Inc. boosted its holdings in shares of Intellinetics, Inc. (NYSEAMERICAN:INLX) by 51.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 approximately 7.42% of Intellinetics worth $2,652,000 at the end of the most recent quarter. 0.75% of the stock is owned by institutional investors and hedge funds.

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.