UPDATE: Ladenburg Thalmann Increases Prospect Capital's PT

According to a research report published earlier today, Ladenburg Thalmann has increased Prospect Capital Corporation's (NASDAQ: PSEC) PT from $10 to $11.

Ladenburg Thalmann explained in the report, “PSEC reported 2Q12 NOI per share of $0.33 which exceeded our $0.28 forecast and the $0.30 consensus and was above guidance of $0.26 to $0.30. The company beat our NOI per share forecast on significant dividend income from two controlled portfolio companies; Energy Solutions ($10.8 million or 7¢/sh assuming 20% incentive management fee) and NRG Manufacturing ($6.7 million or 5¢/sh).”

Ladenburg Thalmann reiterates its Buy rating on Prospect Capital, which is currently trading at $10.93.