<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 的股價在今年表現適中，而其他商業發展公司（BDC）行業的公司則加速發展。</p>
<h2>Main Street Capital 在今年超越其他 BDC</h2>
<p>今年的總回報率為 8.9%，而備受關注的 VanEck BDC 收益 ETF（BIZD）追蹤行業內最大公司的表現，下降了 5.9%。</p>
<p>Main Street Capital vs BIZD vs VOO | 來源：Seeking Alpha</p>
<p>Main Street Capital 脱穎而出，因為其淨資產價值（NAV）的溢價已躍升至 80%，遠高於其他 BDC，如 Prospect Capital、Blue Owl、Goldman Sachs、New Mountain 和 Oaktree，這些公司均以負的 NAV 倍數交易。</p>
<p>儘管 Main Street Capital 的股票在行業動盪中大體上避免了衝擊，但在過去幾個月中有所回落，從 8 月的年初高點 66 美元降至當前的 59 美元。</p>
<p>BDC 行業的持續疲軟發生在美聯儲開始降息之際。隨着唐納德·特朗普取代傑羅姆·鮑威爾，中央銀行行長將採取更寬鬆的政策，這一趨勢將在未來一年繼續。</p>
<p>在低利率環境中，BDC 公司面臨重大挑戰，因為它們專注於向其他公司提供貸款，尤其是那些信用評級較低的公司。</p>
<p>危機在夏季升級，當時由 KKR 管理的一個 140 億美元的基金髮布了疲弱的財務結果，因為其部分貸款出現了問題。如今，FS KKR 的交易價格比其 NAV 低 35%，其股息收益率飆升至 19%，遠高於 Main Street Capital 的 7.18%。</p>
<p>危機在 Blue Owl 的問題曝光後進一步升級。這場危機始於 Blue Owl 宣佈計劃將其一個私募基金與另一個上市基金合併，這一舉動將對其私募基金的投資者產生負面影響。</p>
<h2>Main Street Capital 的業務表現遠好於其他 BDC</h2>
<p>最新的結果顯示，Main Street Capital 的業務表現相對良好。</p>
<p>這些數字顯示，其利息收入在上個季度降至 1.0328 億美元，而去年同期為 1.1 億美元，因利率下降。</p>
<p>與此同時，其股息收入上升至超過 3120 萬美元，這幫助其總投資收入從之前的 1.36 億美元上升至 1.398 億美元。其税前總投資收入上升至 8600 萬美元。</p>
<p>該公司還擁有穩健的資產負債表，總資產超過 52 億美元，總負債為 23 億美元，這些數字幫助其超越行業內其他公司。</p>
<p>此外，與其他公司不同，Main Street Capital 的業務是內部管理的，這意味着它不需要支付外部管理費用。這與其他流行的 BDC 公司不同，它們需要支付外部管理者。因此，其運營費用佔資產的比例在 2% 或更低。</p>
<h2>Main Street Capital 股價技術分析</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 股票圖表 | 來源：TradingView</p>
<p>日線圖顯示，MAIN 股價在 54.50 美元形成了雙底形態並反彈。隨後反彈至 62.82 美元的高點，現在即將重新測試 59 美元的頸線。突破和重新測試是技術分析中最常見的看漲延續形態之一。</p>
<p>該股票一直在 23.6% 和 38.2% 的斐波那契回撤水平之間波動。它一直保持在 50 日和 100 日移動平均線之上。</p>
<p>因此，突破和重新測試形態指向未來幾周的進一步上漲。這一走勢將推動其達到 62.82 美元的 12 月高點。突破該阻力位將指向更多收益，可能達到年初高點 66 美元。</p>
<p><strong>閲讀更多</strong>：Main Street Capital 股票：超越 BDC 和 S&amp;P 500，但有一個陷阱</p>
<p>本文的標題為 Main Street Capital：技術面暗示這隻藍籌 BDC 股票將有更多上漲，首次出現在 Invezz 上。</p>

Main Street資本

<p>Main Street Capital 的股價相比其他 BDC 表現出韌性，今年的總回報率為 8.9%。儘管行業面臨挑戰，其技術分析顯示出更大的上漲潛力，突破和回測模式暗示可能上漲至 62.82 美元及更高。該公司受益於內部管理，降低了運營成本，並保持穩健的資產負債表，使其在競爭中處於有利位置</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 的股價在今年表現適中，而其他商業發展公司（BDC）行業的公司則加速發展。</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>今年的總回報率為 8.9%，而備受關注的 VanEck BDC 收益 ETF（BIZD）追蹤行業內最大公司的表現，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 | 來源：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 脱穎而出，因為其淨資產價值（NAV）的溢價已躍升至 80%，遠高於其他 BDC，如 Prospect Capital、Blue Owl、Goldman Sachs、New Mountain 和 Oaktree，這些公司均以負的 NAV 倍數交易。</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>儘管 Main Street Capital 的股票在行業動盪中大體上避免了衝擊，但在過去幾個月中有所回落，從 8 月的年初高點 66 美元降至當前的 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 行業的持續疲軟發生在美聯儲開始降息之際。隨着唐納德·特朗普取代傑羅姆·鮑威爾，中央銀行行長將採取更寬鬆的政策，這一趨勢將在未來一年繼續。</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>在低利率環境中，BDC 公司面臨重大挑戰，因為它們專注於向其他公司提供貸款，尤其是那些信用評級較低的公司。</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>危機在夏季升級，當時由 KKR 管理的一個 140 億美元的基金髮布了疲弱的財務結果，因為其部分貸款出現了問題。如今，FS KKR 的交易價格比其 NAV 低 35%，其股息收益率飆升至 19%，遠高於 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>危機在 Blue Owl 的問題曝光後進一步升級。這場危機始於 Blue Owl 宣佈計劃將其一個私募基金與另一個上市基金合併，這一舉動將對其私募基金的投資者產生負面影響。</p>
</div><h2>Main Street Capital business is doing much better than other BDCs</h2>
<div class="lb-trans"><h2>Main Street Capital 的業務表現遠好於其他 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>最新的結果顯示，Main Street Capital 的業務表現相對良好。</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>這些數字顯示，其利息收入在上個季度降至 1.0328 億美元，而去年同期為 1.1 億美元，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>與此同時，其股息收入上升至超過 3120 萬美元，這幫助其總投資收入從之前的 1.36 億美元上升至 1.398 億美元。其税前總投資收入上升至 8600 萬美元。</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>該公司還擁有穩健的資產負債表，總資產超過 52 億美元，總負債為 23 億美元，這些數字幫助其超越行業內其他公司。</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，與其他公司不同，Main Street Capital 的業務是內部管理的，這意味着它不需要支付外部管理費用。這與其他流行的 BDC 公司不同，它們需要支付外部管理者。因此，其運營費用佔資產的比例在 2% 或更低。</p>
</div><h2>Main Street Capital stock price technical analysis</h2>
<div class="lb-trans"><h2>Main Street Capital 股價技術分析</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 股票圖表 | 來源：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>日線圖顯示，MAIN 股價在 54.50 美元形成了雙底形態並反彈。隨後反彈至 62.82 美元的高點，現在即將重新測試 59 美元的頸線。突破和重新測試是技術分析中最常見的看漲延續形態之一。</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>該股票一直在 23.6% 和 38.2% 的斐波那契回撤水平之間波動。它一直保持在 50 日和 100 日移動平均線之上。</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，突破和重新測試形態指向未來幾周的進一步上漲。這一走勢將推動其達到 62.82 美元的 12 月高點。突破該阻力位將指向更多收益，可能達到年初高點 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>閲讀更多</strong>：Main Street Capital 股票：超越 BDC 和 S&amp;P 500，但有一個陷阱</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>本文的標題為 Main Street Capital：技術面暗示這隻藍籌 BDC 股票將有更多上漲，首次出現在 Invezz 上。</p>
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Main Street 資本：技術指標顯示這隻藍籌 BDC 股票可能有更多上漲空間