SCHEDULE 13G/A: Pacer Funds and Affiliates Disclose 1.1% Passive Stake in Dorian LPG LTD.

Pacer US Small Cap Cash Cows ETF, Pacer US Small Cap Cash Cows Growth Leaders ETF, Pacer Advisors, Inc., and Joe M. Thomson have jointly filed an amended Schedule 13G, disclosing a combined beneficial ownership of 1.1% of Dorian LPG LTD.'s common stock as of March 31, 2025.

Summary

• Pacer US Small Cap Cash Cows ETF, Pacer US Small Cap Cash Cows Growth Leaders ETF, Pacer Advisors, Inc., and Joe M. Thomson (collectively, the "Reporting Persons") have filed an Amendment No. 1 to Schedule 13G.
• The filing reports beneficial ownership of 472,871 shares of Common Stock of Dorian LPG LTD., representing 1.1% of the class.
• This percentage is calculated based on 42,804,479 shares of common stock issued and outstanding as of December 31, 2024, as provided by the Issuer.
• The shares are held by the Pacer Funds, with Pacer Advisors, Inc. serving as the investment adviser and maintaining discretionary investment and voting authority.
• Joe M. Thomson, as the majority stockholder of Pacer Advisors, Inc., is deemed a beneficial owner.
• The Reporting Persons disclaim beneficial ownership of the shares held by the Funds.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing disclosing beneficial ownership and does not contain information that would significantly alter the sentiment towards the company. It is a factual report of an investment stake.

Positives

• The disclosure indicates continued institutional investment in Dorian LPG LTD. by Pacer Funds, which can be viewed as a vote of confidence in the company's long-term prospects by these specific investors.
• The filing confirms that the investment is for ordinary course of business purposes, indicating a passive, non-activist stake.

Negatives

• As a routine beneficial ownership disclosure, the filing does not contain specific negative operational or financial news about Dorian LPG LTD.

Future Outlook

The document is a beneficial ownership report and does not contain any forward-looking statements or guidance regarding Dorian LPG LTD.'s future performance or operations.

Industry Context

This filing indicates a passive investment by institutional funds in Dorian LPG LTD., a company operating in the liquefied petroleum gas (LPG) shipping sector. Such filings are routine disclosures of ownership stakes by investment firms, reflecting their portfolio allocations within various industries, including shipping.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant passive ownership stakes by institutional investors, which can contribute to market liquidity and investor confidence.
• Employees, Customers, Suppliers, Creditors: No direct impact from this beneficial ownership disclosure, as it does not relate to the company's operations, financial health, or strategic direction.

Key Dates

Keywords

Dorian LPG LTD., Pacer US Small Cap Cash Cows ETF, Pacer US Small Cap Cash Cows Growth Leaders ETF, Pacer Advisors Inc., Joe M. Thomson, Schedule 13G, Beneficial Ownership, Common Stock, Investment Funds, SEC Filing, Y2106R110