Mandalay Digital Group Inc (MNDL): William Stone Downsizes

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Gordon William Stone III, CEO at Mandalay Digital Group Inc (NASDAQ:MNDL) disclosed today the disposal of 5,834 shares of common stock at a unit price of $4.4263 on October 17, 2014. Mr. Stone now directly owns a total of 282,499 shares, and completed his fifth sale since June this year.

Trinad Capital Master Fund Ltd., a large shareholder at Mandalay Digital Group Inc (NASDAQ:MNDL) has also been trading the stock this year. The fund completed eighteen sales between February and May, with prices between $4.00 and $4.64, and now owns a total of 3,132,786 shares.

Phill Gross and Robert Atchinson’s Adage Capital Management is the largest shareholding institution (amongst those we track) at Mandalay Digital Group Inc (NASDAQ:MNDL) with 2,413,891 at an estimated value of $9.5 million, reported no changes for the second quarter of 2014.

Mandalay Digital Group Inc (NASDAQ:MNDL) through its wholly owned subsidiary, Digital Turbine, provides mobile solutions for wireless carriers globally to enable them to monetize mobile content.

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