Jonathan Carroll, CEO and President of Blue Dolphin Vitality Co. (NASDAQ:BDCO), not too long ago acquired 1,000 shares of the corporate’s widespread inventory, based on a submitting with the Securities and Alternate Fee. The shares have been bought on January 15 at a price of $3.50 every, amounting to a complete transaction worth of $3,500. The inventory, presently buying and selling at $3.73, has proven sturdy momentum with a 22% achieve over the previous week and a outstanding 54% return year-to-date, based on InvestingPro information.
Following this transaction, Carroll straight owns 4,069,779 shares of Blue Dolphin Vitality. Moreover, he holds an oblique possession of 8,426,456 shares by way of his curiosity in Lazarus Vitality Holdings, LLC. Carroll’s twin position as CEO and President, alongside along with his substantial inventory holdings, underscores his important stake within the $55.7 million market cap firm. InvestingPro analysis reveals 8 extra key insights about BDCO’s monetary well being and valuation metrics, accessible to subscribers.
In different latest information, Blue Dolphin Vitality Firm has seen important developments in its monetary and operational construction. The corporate not too long ago introduced a brand new lease settlement for its subsidiary, Blue Dolphin Providers Co., extending the workplace lease in Houston, Texas for an extra 24 months. The lease features a discount in hire and a rise in whole rental space to accommodate personnel development.
Blue Dolphin additionally introduced the appointment of Bryce D. Klug because the principal monetary and accounting officer, Treasurer, and Assistant Secretary. This management change is anticipated to convey intensive expertise from the oil and gasoline sector to the corporate.
Moreover, the corporate’s subsidiaries, Lazarus Vitality and Lazarus Refining & Advertising, have secured waivers for all covenant violations associated to their mortgage agreements for fiscal years 2021, 2022, and 2023. These waivers have been granted by Veritex (NASDAQ:) Group Financial institution and the U.S. Division of Agriculture.
As well as, Blue Dolphin Vitality not too long ago held its Annual Assembly of Stockholders, the place shareholders elected 5 director nominees and ratified UHY LLP as the corporate’s unbiased public accounting agency for the fiscal yr ending December 31, 2024. These are among the many latest developments which have occurred inside the firm.
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