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Jonathan Carroll, the CEO and President of Blue Dolphin Energy Co (OTC:BDCO), has recently increased his stake in the company through a series of stock purchases, despite the stock's 72% decline over the past year. According to a recent SEC filing, Carroll acquired a total of 6,000 shares of Blue Dolphin Energy common stock over several transactions between April 9 and April 11, 2025. These purchases, made at prices ranging from $1.74 to $1.91 per share, amount to a total investment of $11,130. InvestingPro analysis suggests the stock is currently undervalued, though it faces significant financial challenges.
Following these transactions, Carroll directly owns 4,120,779 shares of the company's stock. Additionally, he holds an indirect interest in 8,426,456 shares through his ownership in Lazarus Energy Holdings, LLC. These transactions reflect Carroll's continued confidence in the company's prospects as he maintains a significant personal investment in Blue Dolphin Energy, which currently has a market capitalization of $28.5 million. InvestingPro subscribers can access 11 additional key insights about BDCO's financial health and valuation metrics.
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