SCHEDULE 13G: Pacer Funds and Affiliates Disclose 9.64% Stake in Dorian LPG Ltd.

Pacer US Small Cap Cash Cows ETF, Pacer Advisors, Inc., and Joe M. Thomson have disclosed a combined beneficial ownership of 9.64% in Dorian LPG Ltd. as of December 31, 2024.

Summary

• The filing reports beneficial ownership of common stock in Dorian LPG Ltd. (the "Issuer") by 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").
• As of December 31, 2024, the Reporting Persons collectively beneficially own 4,127,317 shares of Dorian LPG Ltd. Common Stock.
• This aggregate amount represents 9.64% of the Issuer's outstanding common stock, calculated based on 42,804,479 shares issued and outstanding as of December 31, 2024.
• The Reporting Persons hold shared voting power and shared dispositive power over all 4,127,317 shares.
• The filing is a Schedule 13G, indicating that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the Issuer.

Sentiment

Score: 6

Explanation: The filing indicates a significant passive investment by institutional funds, which can be viewed as a vote of confidence, but provides no operational or financial performance details of the issuer.

Positives

• The disclosure of a significant stake (9.64%) by institutional investors like Pacer Funds can be interpreted as a vote of confidence in Dorian LPG Ltd.'s current valuation or future prospects.

Future Outlook

NA

Management Comments

• Joe M. Thomson, as Chairman and President of Pacer US Small Cap Cash Cows ETF and Pacer US Small Cap Cash Cows Growth Leaders ETF, and President of Pacer Advisors, Inc., certified that the information set forth in the statement is true, complete, and correct to the best of his knowledge and belief.

Industry Context

Dorian LPG Ltd. operates in the global shipping industry, specifically focusing on the transportation of liquefied petroleum gas (LPG). This filing indicates an institutional investor's significant position within a company in this sector, reflecting investment interest in the LPG shipping market.

Related Party Transactions

• The Reporting Persons (Pacer US Small Cap Cash Cows ETF, Pacer US Small Cap Cash Cows Growth Leaders ETF, Pacer Advisors, Inc., and Joe M. Thomson) have entered into a Joint Filing Agreement to file this Schedule 13G jointly, acknowledging their coordinated reporting of beneficial ownership.

Stakeholder Impact

• Shareholders of Dorian LPG Ltd. may view the disclosure of a significant institutional stake as a positive signal, potentially influencing market perception and stock valuation.
• The investment community gains transparency into the ownership structure of Dorian LPG Ltd., which can inform investment decisions.

Key Dates

Keywords

Dorian LPG Ltd., Pacer US Small Cap Cash Cows ETF, Pacer Advisors Inc., Joe M. Thomson, Schedule 13G, beneficial ownership, common stock, institutional investment, LPG carrier, shipping industry