Elkhorn Partners Limited Partnership, a 10% owner of Orbit International Corp (NASDAQ:ORBT) acquired 7,300 shares of Common Stock, $.10 par value on Monday. The stock was purchased directly, but in two separate transactions. The shareholder first bought 1,000 shares for a price of $2.94 per share, before acquiring another 6,300 shares for $2.92 per share. This is the third stock purchase to be executed by Elkhorn, as the insider bought 10,000 shares of Common Stock back in April, paying $2.74 per share. Following the latest stock transaction, Elkhorn now holds a total of 1,122,300 company shares.
The hedge fund landscape is also looking prosperous at Orbit International, with two of the major shareholders having increased the firm’s portfolio participation. Such is the case with Alan S. Parsow’s Elkhorn Partners, which after increasing the firm’s portfolio activity by 8%, now owns over 1.1 million company shares, for a value of $3.2 million, accounting for 2.04% of overall portfolio holdings.