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Ranger Boosts WaterBridge Stake, Investors Watch
Description
Ranger Investment Management significantly increased its stake in WaterBridge Infrastructure, now holding nearly 2% of its assets. WaterBridge, a water management solutions provider for oil and gas producers, saw its stock grow since its IPO in September. Despite a strong first quarter performance with $200M revenue and $9.5M profit, WaterBridges substantial debt of $1.4B is a concern. Investors should monitor WaterBridges future performance before considering an investment, as other companies are currently recommended more highly.
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