Will The Purchase Plans Of Barnes & Noble’s Chairman Excite These Top Institutional Shareholders?

Barnes & Noble, Inc. (NYSE:BKS)’s Chariman, Leonard Riggio, has revealed that he notified the company’s board of his intentions to purchase all of the assets of the company’s retail business. The retail business will include Barnes & Noble Booksellers and barnesandnoble.com, but will not include NOOK Media LLC. Riggio intends to make the proposal to facilitate the company’s evaluation of their previously announced review of strategic options for the separation of their investment in NOOK Media LLC. According to Riggio, he will provide the equity financing for the transaction, along with undertaking the arrangement of any debt financing that is required.

Will  Barnes & Noble, Inc.’s shareholders increase their holdings? They reported owning a total of 37.474 million shares on 12/31/2012. The shares closed at $15.09 on 12/31/2012.

Here are the ten largest positions in Barnes & Noble, Inc. at the end of December 31st, 2012.

Dimensional Fund Advisors L.P. held 4,361,299 shares on 12/31/2012 worth $65,812,003. This brought the portfolio total to 0.07%.

Towerview LLC. held 2,000,000 shares on 12/31/2012 worth $30,180,000. This brought the portfolio total to 11.9%.

Thompson Siegel & Walmsley LLC. held 1,960,613 shares on 12/31/2012 worth $29,585,650. This brought the portfolio total to 0.63%.

Vanguard Group Inc. held 1,728,333 shares on 12/31/2012 worth $26,080,545. This brought the portfolio total to 0.0%.

Shapiro Capital Management Co. Inc. held 1,620,600 shares on 12/31/2012 worth $24,454,854. This brought the portfolio total to 0.87%.

State Street Corp. held 1,491,738 shares on 12/31/2012 worth $22,510,327. This brought the portfolio total to 0.0%.

Kingstown Capital Management L.P. held 1,300,000 shares on 12/31/2012 worth $19,617,000. This brought the portfolio total to 3.93%.

Roosevelt Investment Group Inc. held 1,239,654 shares on 12/31/2012 worth $18,706,379. This brought the portfolio total to 0.86%.

Blackrock Fund Advisors held 1,210,801 shares on 12/31/2012 worth $18,270,987. This brought the portfolio total to 0.01%.

Bank of New York Mellon Corp. held 1,115,606 shares on 12/31/2012 worth $16,834,495. This brought the portfolio total to 0.01%.

Knowing which stocks have institutional support will help improve your investing skills, and teach you how to ride the waves of strong moves. In fact, “S = Support is Provided By Institutional Investors & Company Insiders” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.