Jim Cramer Just Couldn’t Hod Himself Back For Blue Owl Capital Inc. (OWL)

We recently published Jim Cramer Insisted Recent AI Chip Selloff Wasn’t A Bottom & Discussed These 17 Stocks. Blue Owl Capital Inc. (NYSE:OWL) is one of the stocks discussed by Jim Cramer.

Asset manager Blue Owl Capital Inc. (NYSE:OWL) is a regular appearance on Jim Cramer’s radar these days and not for good reasons. The shares are down by 52% over the past year and by 39% year-to-date. On June 25th, after reports surfaced about Blue Owl Capital Inc. (NYSE:OWL) looking to acquire a stake in a basketball team, Cramer criticized the firm on the social media platform X. Earlier, UBS had discussed the firm on June 11th as it reiterated a Neutral rating and a $9.50 share price target. In its coverage, the bank discussed the private credit market and outlined that weakness in the sector could also lead to Blue Owl Capital Inc. (NYSE:OWL)’s shares being range bound. In his morning appearance, the CNBC TV host didn’t hold back:

“You know, every canine has its, you know, 24 hours, there, right.”

Pixabay/Public Domain

Cramer’s infatuation with Blue Owl Capital Inc. (NYSE:OWL) isn’t new. Here’s what he tweeted in February:

“How did it come to the point that at 3:38 am. i am sitting here having coffee and worrying about that Blue Owl portfolio and the transaction they talked about last week that just didn’t sit well with me.”

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