<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/10/20251028_1920_Wall-Street-Surge_simple_compose_01k8nh8c3ae2s8e3hz34endabe.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/10/20251028_1920_Wall-Street-Surge_simple_compose_01k8nh8c3ae2s8e3hz34endabe.png"/></p>
<p>Main Street Capital 的股价在今年表现适中，而其他商业发展公司（BDC）行业的公司则加速发展。</p>
<h2>Main Street Capital 在今年超越其他 BDC</h2>
<p>今年的总回报率为 8.9%，而备受关注的 VanEck BDC 收益 ETF（BIZD）追踪行业内最大公司的表现，下降了 5.9%。</p>
<p>Main Street Capital vs BIZD vs VOO | 来源：Seeking Alpha</p>
<p>Main Street Capital 脱颖而出，因为其净资产价值（NAV）的溢价已跃升至 80%，远高于其他 BDC，如 Prospect Capital、Blue Owl、Goldman Sachs、New Mountain 和 Oaktree，这些公司均以负的 NAV 倍数交易。</p>
<p>尽管 Main Street Capital 的股票在行业动荡中大体上避免了冲击，但在过去几个月中有所回落，从 8 月的年初高点 66 美元降至当前的 59 美元。</p>
<p>BDC 行业的持续疲软发生在美联储开始降息之际。随着唐纳德·特朗普取代杰罗姆·鲍威尔，中央银行行长将采取更宽松的政策，这一趋势将在未来一年继续。</p>
<p>在低利率环境中，BDC 公司面临重大挑战，因为它们专注于向其他公司提供贷款，尤其是那些信用评级较低的公司。</p>
<p>危机在夏季升级，当时由 KKR 管理的一个 140 亿美元的基金发布了疲弱的财务结果，因为其部分贷款出现了问题。如今，FS KKR 的交易价格比其 NAV 低 35%，其股息收益率飙升至 19%，远高于 Main Street Capital 的 7.18%。</p>
<p>危机在 Blue Owl 的问题曝光后进一步升级。这场危机始于 Blue Owl 宣布计划将其一个私募基金与另一个上市基金合并，这一举动将对其私募基金的投资者产生负面影响。</p>
<h2>Main Street Capital 的业务表现远好于其他 BDC</h2>
<p>最新的结果显示，Main Street Capital 的业务表现相对良好。</p>
<p>这些数字显示，其利息收入在上个季度降至 1.0328 亿美元，而去年同期为 1.1 亿美元，因利率下降。</p>
<p>与此同时，其股息收入上升至超过 3120 万美元，这帮助其总投资收入从之前的 1.36 亿美元上升至 1.398 亿美元。其税前总投资收入上升至 8600 万美元。</p>
<p>该公司还拥有稳健的资产负债表，总资产超过 52 亿美元，总负债为 23 亿美元，这些数字帮助其超越行业内其他公司。</p>
<p>此外，与其他公司不同，Main Street Capital 的业务是内部管理的，这意味着它不需要支付外部管理费用。这与其他流行的 BDC 公司不同，它们需要支付外部管理者。因此，其运营费用占资产的比例在 2% 或更低。</p>
<h2>Main Street Capital 股价技术分析</h2>
<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/Main-Street-Capital-stock-1024x579.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/Main-Street-Capital-stock-1024x579.png"/></p>
<p>MAIN 股票图表 | 来源：TradingView</p>
<p>日线图显示，MAIN 股价在 54.50 美元形成了双底形态并反弹。随后反弹至 62.82 美元的高点，现在即将重新测试 59 美元的颈线。突破和重新测试是技术分析中最常见的看涨延续形态之一。</p>
<p>该股票一直在 23.6% 和 38.2% 的斐波那契回撤水平之间波动。它一直保持在 50 日和 100 日移动平均线之上。</p>
<p>因此，突破和重新测试形态指向未来几周的进一步上涨。这一走势将推动其达到 62.82 美元的 12 月高点。突破该阻力位将指向更多收益，可能达到年初高点 66 美元。</p>
<p><strong>阅读更多</strong>：Main Street Capital 股票：超越 BDC 和 S&amp;P 500，但有一个陷阱</p>
<p>本文的标题为 Main Street Capital：技术面暗示这只蓝筹 BDC 股票将有更多上涨，首次出现在 Invezz 上。</p>

Main Street资本

<p>Main Street Capital 的股价相比其他 BDC 表现出韧性，今年的总回报率为 8.9%。尽管行业面临挑战，其技术分析显示出更大的上涨潜力，突破和回测模式暗示可能上涨至 62.82 美元及更高。该公司受益于内部管理，降低了运营成本，并保持稳健的资产负债表，使其在竞争中处于有利位置</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/10/20251028_1920_Wall-Street-Surge_simple_compose_01k8nh8c3ae2s8e3hz34endabe.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/10/20251028_1920_Wall-Street-Surge_simple_compose_01k8nh8c3ae2s8e3hz34endabe.png"/></p>
<p>Main Street Capital stock price did modestly well this year as other companies in the business development companies (BDC) industry accelerated.</p>
<div class="lb-trans"><p>Main Street Capital 的股价在今年表现适中，而其他商业发展公司（BDC）行业的公司则加速发展。</p>
</div><h2>Main Street Capital beat other BDCs this year</h2>
<div class="lb-trans"><h2>Main Street Capital 在今年超越其他 BDC</h2>
</div><p>It had a total return of 8.9% this year, while the closely-watched VanEck BDC Income ETF (BIZD), which tracks the biggest companies in the industry, dropped by 5.9%.</p>
<div class="lb-trans"><p>今年的总回报率为 8.9%，而备受关注的 VanEck BDC 收益 ETF（BIZD）追踪行业内最大公司的表现，下降了 5.9%。</p>
</div><p>Main Street Capital vs BIZD vs VOO | Source: Seeking Alpha</p>
<div class="lb-trans"><p>Main Street Capital vs BIZD vs VOO | 来源：Seeking Alpha</p>
</div><p>Main Street Capital stands out because of its premium to NAV, which has jumped to 80% much higher than of other BDCs by companies like Prospect Capital, Blue Owl, Goldman Sachs, New Mountain, and Oaktree, which are all trading with negative NAV multiples.</p>
<div class="lb-trans"><p>Main Street Capital 脱颖而出，因为其净资产价值（NAV）的溢价已跃升至 80%，远高于其他 BDC，如 Prospect Capital、Blue Owl、Goldman Sachs、New Mountain 和 Oaktree，这些公司均以负的 NAV 倍数交易。</p>
</div><p>While Main Street Capital stock has largely avoided the turmoil that has happened in the industry, it has pulled back in the past few months, moving from the year-to-date high of $66 in August to the current $59.</p>
<div class="lb-trans"><p>尽管 Main Street Capital 的股票在行业动荡中大体上避免了冲击，但在过去几个月中有所回落，从 8 月的年初高点 66 美元降至当前的 59 美元。</p>
</div><p>The ongoing weakness in the BDC industry has occurred as the Federal Reserve has started cutting interest rates. This trend will continue in the coming year as Donald Trump replaces Jerome Powell with a more accommodative central bank governor.</p>
<div class="lb-trans"><p>BDC 行业的持续疲软发生在美联储开始降息之际。随着唐纳德·特朗普取代杰罗姆·鲍威尔，中央银行行长将采取更宽松的政策，这一趋势将在未来一年继续。</p>
</div><p>BDC companies face a major challenge in a low-interest environment because they specialize in making loans to other companies, especially those with junk credit ratings.</p>
<div class="lb-trans"><p>在低利率环境中，BDC 公司面临重大挑战，因为它们专注于向其他公司提供贷款，尤其是那些信用评级较低的公司。</p>
</div><p>The crisis then escalated in the summer when a $14 billion fund managed by KKR published weak financial results as some of its loans backfired. Today, FS KKR trades at a 35% discount to its NAV, with its dividend yield soaring to 19%, much higher than Main Street Capital’s 7.18%.</p>
<div class="lb-trans"><p>危机在夏季升级，当时由 KKR 管理的一个 140 亿美元的基金发布了疲弱的财务结果，因为其部分贷款出现了问题。如今，FS KKR 的交易价格比其 NAV 低 35%，其股息收益率飙升至 19%，远高于 Main Street Capital 的 7.18%。</p>
</div><p>The crisis then escalated as the issues at Blue Owlcame to light. This crisis started when Blue Owl announced a plan to merge one of its private funds with another publicly traded one, a move that would have negatively impacted investors in its private fund.</p>
<div class="lb-trans"><p>危机在 Blue Owl 的问题曝光后进一步升级。这场危机始于 Blue Owl 宣布计划将其一个私募基金与另一个上市基金合并，这一举动将对其私募基金的投资者产生负面影响。</p>
</div><h2>Main Street Capital business is doing much better than other BDCs</h2>
<div class="lb-trans"><h2>Main Street Capital 的业务表现远好于其他 BDC</h2>
</div><p>The most recent results showed that Main Street Capital’s business was doing relatively well.</p>
<div class="lb-trans"><p>最新的结果显示，Main Street Capital 的业务表现相对良好。</p>
</div><p>These numbers showed that its interest income dropped to $103.28 million in the last quarter from the $110 million it made in the same period last year as interest rates declined.</p>
<div class="lb-trans"><p>这些数字显示，其利息收入在上个季度降至 1.0328 亿美元，而去年同期为 1.1 亿美元，因利率下降。</p>
</div><p>At the same time, its dividend income rose to over $31.2 million, which helped to push its total investment income to $139.8 million from the previous $136 million. Its total investment income before taxes rose to $86 million.</p>
<div class="lb-trans"><p>与此同时，其股息收入上升至超过 3120 万美元，这帮助其总投资收入从之前的 1.36 亿美元上升至 1.398 亿美元。其税前总投资收入上升至 8600 万美元。</p>
</div><p>The company also has a solid balance sheet, with over $5.2 billion in total assets and $2.3 billion in total liabilities, numbers that have helped it beat other companies in the industry.</p>
<div class="lb-trans"><p>该公司还拥有稳健的资产负债表，总资产超过 52 亿美元，总负债为 23 亿美元，这些数字帮助其超越行业内其他公司。</p>
</div><p>Also, unlike other companies, Main Street Capital’s business is internally managed, meaning that it does not need to pay external management fees. This is unlike other popular BDC companies that pay external managers. As a result, its operating expenses are at or less than 2% of the assets.</p>
<div class="lb-trans"><p>此外，与其他公司不同，Main Street Capital 的业务是内部管理的，这意味着它不需要支付外部管理费用。这与其他流行的 BDC 公司不同，它们需要支付外部管理者。因此，其运营费用占资产的比例在 2% 或更低。</p>
</div><h2>Main Street Capital stock price technical analysis</h2>
<div class="lb-trans"><h2>Main Street Capital 股价技术分析</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/Main-Street-Capital-stock-1024x579.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/12/Main-Street-Capital-stock-1024x579.png"/></p>
<p>MAIN stock chart | Source: TradingView</p>
<div class="lb-trans"><p>MAIN 股票图表 | 来源：TradingView</p>
</div><p>The daily timeframe chart shows that the MAIN stock price formed a double-bottom pattern at $54.50 and rebounded. It then rebounded to a high of $62.82 and is now about to retest the neckline at $59. A break-and-retest is one of the most common bullish continuation patterns in technical analysis.</p>
<div class="lb-trans"><p>日线图显示，MAIN 股价在 54.50 美元形成了双底形态并反弹。随后反弹至 62.82 美元的高点，现在即将重新测试 59 美元的颈线。突破和重新测试是技术分析中最常见的看涨延续形态之一。</p>
</div><p>The stock has remained between the 23.6% and 38.2% Fibonacci Retracement levels. It has remained above the 50-day and 100-day moving averages.</p>
<div class="lb-trans"><p>该股票一直在 23.6% 和 38.2% 的斐波那契回撤水平之间波动。它一直保持在 50 日和 100 日移动平均线之上。</p>
</div><p>Therefore, the break-and-retest pattern points to more upside in the coming weeks. Such a move will push it to the December high of $62.82. Crossing that resistance level will point to more gains, potentially to the year-to-date high of $66.</p>
<div class="lb-trans"><p>因此，突破和重新测试形态指向未来几周的进一步上涨。这一走势将推动其达到 62.82 美元的 12 月高点。突破该阻力位将指向更多收益，可能达到年初高点 66 美元。</p>
</div><p><strong>READ MORE</strong>: Main Street Capital stock: beating BDCs and S&amp;P 500, but there’s a catch</p>
<div class="lb-trans"><p><strong>阅读更多</strong>：Main Street Capital 股票：超越 BDC 和 S&amp;P 500，但有一个陷阱</p>
</div><p>The post Main Street Capital: technicals suggest more upside for this blue-chip BDC stock appeared first on Invezz</p>
<div class="lb-trans"><p>本文的标题为 Main Street Capital：技术面暗示这只蓝筹 BDC 股票将有更多上涨，首次出现在 Invezz 上。</p>
</div>

Main Street 资本：技术指标显示这只蓝筹 BDC 股票可能有更多上涨空间