Intellinetics, Inc. (OTCMKTS:INLX) Shares Purchased by Bard Associates Inc.

Bard Associates Inc. grew its stake in Intellinetics, Inc. (OTCMKTS:INLX) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,567 shares of the company’s stock after purchasing an additional 2,922 shares during the period. Bard Associates Inc. owned about 2.61% of Intellinetics worth $1,237,000 at the end of the most recent quarter.

Intellinetics Stock Performance

Shares of Intellinetics stock opened at $12.93 on Friday. The business’s 50 day moving average price is $12.43 and its 200 day moving average price is $9.29. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.89 and a current ratio of 0.91. The company has a market cap of $54.71 million, a price-to-earnings ratio of 258.61 and a beta of 0.34. Intellinetics, Inc. has a one year low of $3.76 and a one year high of $15.33.

Intellinetics (OTCMKTS:INLX) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). Intellinetics had a net margin of 4.09% and a return on equity of 7.71%. The firm had revenue of $4.64 million during the quarter, compared to analysts’ expectations of $4.61 million. On average, research analysts predict that Intellinetics, Inc. will post 0.13 EPS for the current year.

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.