Freestone Grove Partners LP Invests $20.84 Million in BioMarin Pharmaceutical Inc. $BMRN

Key Points

• Freestone Grove Partners initiated a BioMarin Pharmaceutical position worth approximately $20.84 million, acquiring 364,194 shares, or 0.19% of the company.
• BioMarin reported quarterly EPS of $1.20, beating estimates of $0.95, while revenue rose 20% year over year to $989.71 million. The company issued fiscal 2026 EPS guidance of $4.90–$5.10.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $88.79, although several firms recently lowered their targets; institutional investors own 98.71% of the stock.

Freestone Grove Partners LP bought a new stake in BioMarin Pharmaceutical Inc. (NASDAQ:BMRN - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 364,194 shares of the biotechnology company's stock, valued at approximately $20,839,000. Freestone Grove Partners LP owned 0.19% of BioMarin Pharmaceutical as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC grew its stake in BioMarin Pharmaceutical by 11.5% in the first quarter. NewEdge Advisors LLC now owns 3,769 shares of the biotechnology company's stock worth $266,000 after purchasing an additional 388 shares during the period. Empowered Funds LLC lifted its position in BioMarin Pharmaceutical by 207.4% during the first quarter. Empowered Funds LLC now owns 12,023 shares of the biotechnology company's stock valued at $850,000 after buying an additional 8,112 shares during the period. Focus Partners Wealth boosted its holdings in shares of BioMarin Pharmaceutical by 70.2% during the 1st quarter. Focus Partners Wealth now owns 11,817 shares of the biotechnology company's stock valued at $835,000 after buying an additional 4,876 shares in the last quarter. Sivia Capital Partners LLC grew its position in shares of BioMarin Pharmaceutical by 33.0% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,439 shares of the biotechnology company's stock worth $244,000 after buying an additional 1,102 shares during the period. Finally, Invesco Ltd. increased its stake in shares of BioMarin Pharmaceutical by 23.5% in the 2nd quarter. Invesco Ltd. now owns 618,835 shares of the biotechnology company's stock worth $34,017,000 after acquiring an additional 117,617 shares in the last quarter. 98.71% of the stock is currently owned by institutional investors.

BioMarin Pharmaceutical Price Performance

Shares of BMRN opened at $65.29 on Friday. The company has a market capitalization of $12.64 billion, a P/E ratio of 176.46, a price-to-earnings-growth ratio of 0.47 and a beta of 0.24. The company has a quick ratio of 1.32, a current ratio of 2.39 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average of $61.50 and a 200 day moving average of $58.10. BioMarin Pharmaceutical Inc. has a twelve month low of $49.26 and a twelve month high of $70.98.

BioMarin Pharmaceutical (NASDAQ:BMRN - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The biotechnology company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.25. BioMarin Pharmaceutical had a net margin of 2.14% and a return on equity of 5.32%. The company had revenue of $989.71 million during the quarter, compared to analyst estimates of $932.03 million. During the same period in the previous year, the business earned $1.44 EPS. The firm's revenue for the quarter was up 20.0% on a year-over-year basis. BioMarin Pharmaceutical has set its FY 2026 guidance at 4.900-5.100 EPS. As a group, equities research analysts anticipate that BioMarin Pharmaceutical Inc. will post 4.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BMRN has been the topic of several research reports. HC Wainwright dropped their price objective on shares of BioMarin Pharmaceutical from $60.00 to $59.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 18th. Sanford C. Bernstein decreased their target price on shares of BioMarin Pharmaceutical from $94.00 to $82.00 and set an "outperform" rating for the company in a research note on Tuesday, May 5th. Royal Bank Of Canada lowered their target price on shares of BioMarin Pharmaceutical from $66.00 to $62.00 and set a "sector perform" rating for the company in a report on Tuesday, July 7th. Wall Street Zen upgraded BioMarin Pharmaceutical from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Finally, Bank of America reduced their price objective on BioMarin Pharmaceutical from $85.00 to $80.00 and set a "buy" rating for the company in a research report on Tuesday, May 19th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, BioMarin Pharmaceutical presently has a consensus rating of "Moderate Buy" and an average price target of $88.79.

BioMarin Pharmaceutical Profile

BioMarin Pharmaceutical Inc is a biopharmaceutical company specializing in the development and commercialization of therapies for rare genetic and metabolic diseases. The company focuses on addressing unmet medical needs by leveraging enzyme replacement therapy, small molecule pharmacological chaperones and gene therapy technologies. Headquartered in Novato, California, BioMarin operates research and development facilities in the United States and Europe.

The company's commercial portfolio includes several approved therapies targeting inherited disorders.

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