Investor Richard Schottenfeld at Schottenfeld Management filed revised ownership forms with the SEC, indicating he has increased his stake in Barnes & Noble, now controlling over 5 million shares, or approximately 6.9 percent of shares outstanding. Schottenfeld’s companies have been engaged in a lot of trading of the bookseller’s stock — mostly through options. As of yesterday those investment’s were under water, with BN’s stock falling more than 8 percent on Thursday following another disappointing earnings reports, down to $4.55 a share. But news of Schottenfeld’s buying, and his agitation for a sale, boosted the share price on Friday, with […]
