Thursday, August 10, 2006

Elkhorn Partners Raises Stake in Orbit International (ORBT)

In an amended 13D filing on Orbit International Corp. (NASDAQ: ORBT), Elkhorn Partners disclosed a 7.2% stake (331,410 shares) in the company. During the past 60 days, the Partnership purchased 101,810 shares of Orbit common stock, in open market transactions, at prices ranging from $5.19 to $7.39 per share.

Orbit International Corp., through its Electronics Group, is involved in the manufacture of customized electronic components and subsystems for military and nonmilitary government applications through its production facilities in Hauppauge, New York and Quakertown, Pennsylvania.

Shares of Orbit International are up 0.57% to $5.25 in early action Thursday.


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