Wall Street analysts may hold a dim view of the prospects for bookstores, but that hasn’t stopped Dimension Fund Advisors, an Austin, TX-based hedge fund that manages more than $213 billion in investments, from making a bet on the big chains. On Tuesday DFA disclosed a 5.45 percent stake, or about 3.2 million shares, in Barnes & Noble, as of December 31, 2011, as well as a 5.76 percent stake, or about 911,000 shares, in Books-A-Million. (Barnes & Noble traded higher in late 2011 than it does now; Books-a-Million is up slightly since then.) Bear in mind that these represent […]
