Intellinetics (OTCMKTS:INLX) Stock Price Down 4.1% - Here's What Happened

Intellinetics, Inc. (OTCMKTS:INLX - Get Free Report)'s stock price dropped 4.1% during mid-day trading on Tuesday . The company traded as low as $12.26 and last traded at $12.31. Approximately 5,292 shares changed hands during trading, a decline of 19% from the average daily volume of 6,500 shares. The stock had previously closed at $12.84.

Intellinetics Stock Up 4.2%

The company has a market cap of $55.43 million, a price-to-earnings ratio of 85.67 and a beta of 0.45. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.89. The firm has a 50-day moving average price of $13.41 and a 200 day moving average price of $13.23.

Insider Buying and Selling at Intellinetics

In other news, Director John C. Guttilla bought 3,000 shares of the company's stock in a transaction dated Friday, March 28th. The stock was bought at an average price of $12.00 per share, with a total value of $36,000.00. Following the completion of the acquisition, the director now owns 24,905 shares of the company's stock, valued at $298,860. This represents a 13.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 31.59% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Intellinetics stock. Bard Associates Inc. increased its stake in Intellinetics, Inc. (OTCMKTS:INLX - Free Report) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 115,668 shares of the company's stock after purchasing an additional 5,101 shares during the period. Bard Associates Inc. owned approximately 2.73% of Intellinetics worth $1,590,000 as of its most recent filing with the SEC. 0.75% of the stock is currently owned by hedge funds and other institutional investors.

Intellinetics Company Profile

Intellinetics, Inc designs, develops, tests, markets, and licenses document services and software solutions in the United States. The company operates in two segments, Document Management and Document Conversion. Its software platform allows its customers to capture and manage documents across operations, such as scanned hard-copy documents and digital documents, including Microsoft Office 365, digital images, audio, videos, and emails.