Hercules Capital Management
Management criteria checks 2/4
Hercules Capital's CEO is Scott Bluestein, appointed in Apr 2014, has a tenure of 10.75 years. total yearly compensation is $8.89M, comprised of 7.3% salary and 92.7% bonuses, including company stock and options. directly owns 1.4% of the company’s shares, worth $48.05M. The average tenure of the management team and the board of directors is 6 years and 4.5 years respectively.
Key information
Scott Bluestein
Chief executive officer
US$8.9m
Total compensation
| CEO salary percentage | 7.3% |
| CEO tenure | 10.8yrs |
| CEO ownership | 1.4% |
| Management average tenure | 6yrs |
| Board average tenure | 4.5yrs |
Recent management updates
Recent updates
Hercules Capital: A Dividend Powerhouse For Long-Term Investors
Jan 10Little Excitement Around Hercules Capital, Inc.'s (NYSE:HTGC) Earnings
Dec 26
Hercules Capital: A Magnificent BDC Gem
Dec 25Hercules Capital: Are The Dividends Safe? I'm Buying!
Dec 06Hercules Capital: This 10% Yield Is Rock Solid
Nov 19Hercules Capital At 70% Premium, Or The Simple High-Yield ETF HYG At NAV?
Nov 05Earnings Miss: Hercules Capital, Inc. Missed EPS By 18% And Analysts Are Revising Their Forecasts
Nov 01Hercules Capital (NYSE:HTGC) Has Affirmed Its Dividend Of $0.48
Oct 31Hercules Capital: The Valuation Is My Only Concern
Oct 22Hercules Capital: How Good Is This 10% Yield?
Oct 15Hercules Capital: The Yield And Underlying Value Remain Attractive
Sep 13Hercules Capital: This 10% Yield Is On Sale (Rating Upgrade)
Aug 26Hercules Capital BDC: 10% Yield, Record Earnings
Aug 09Hercules Capital (NYSE:HTGC) Is Paying Out A Dividend Of $0.48
Aug 02Hercules Capital: Recent Improvements But Currently Very Expensive
Jul 22Hercules Capital: 2 Possible Outcomes (Rating Downgrade)
Jul 08Hercules Capital: A Solid Dividend Stock But Valuation Concerns Are Valid
Jun 25Hercules Capital: A Premium Company, But Better To Wait Until Interest Rates Decrease
Jun 07Hercules Capital: Solid 10% Yield, But Sky-High Valuation
May 10Hercules Capital: VC-Focused Name With Less Risk And Better Return Prospects Than Average BDC
May 04Hercules Capital: Winning Option In The Financial Services Space
Apr 24There Is A Reason Hercules Capital, Inc.'s (NYSE:HTGC) Price Is Undemanding
Apr 22Hercules Capital: Record Year In 2023, 10% Yield
Mar 29Unlocking Hercules Capital's Income Potential: A Fresh Look At Dividend Timing Strategies
Feb 23Results: Hercules Capital, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
Feb 18Hercules Capital: Still Resilient With Solid Prospects Despite The VC Focus
Feb 17Hercules Capital: A Different Type Of VC-Focused BDC
Jan 16Hercules Capital Poised For Potential Market Surge In 2024
Dec 24Lacklustre Performance Is Driving Hercules Capital, Inc.'s (NYSE:HTGC) Low P/E
Dec 1810%-Yielding Hercules Capital: Better Ingredients, Better Outcomes
Dec 15Main Street Capital Vs. Hercules Capital: Why Choose?
Nov 22Hercules Capital: 10% Yield, My Largest BDC Position
Nov 1310%-Yielding Hercules Capital Is A BDC Superstar
Oct 10Hercules Capital: Venture Capital Financier Offering High Yield And Robust Balance Sheet
Sep 17Hercules Capital: 10% Yield, Strong Coverage, Low Leverage
Sep 09Let's Build A Bond Portfolio Together: Hercules Capital Bonds 2026 7.10%
Aug 15Hercules Capital: Fatter Yield, Surging Stock Price
Aug 05Hercules Capital: The Tide Is Turning - Buy While It's Cheap (Rating Upgrade)
Jun 28Hercules Capital raises dividend by 8.3% to $0.39/share, supplemental cash distribution of $0.08
Feb 14CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$318m |
| Jun 30 2024 | n/a | n/a | US$278m |
| Mar 31 2024 | n/a | n/a | US$331m |
| Dec 31 2023 | US$9m | US$650k | US$334m |
| Sep 30 2023 | n/a | n/a | US$277m |
| Jun 30 2023 | n/a | n/a | US$302m |
| Mar 31 2023 | n/a | n/a | US$197m |
| Dec 31 2022 | US$7m | US$650k | US$100m |
| Sep 30 2022 | n/a | n/a | US$42m |
| Jun 30 2022 | n/a | n/a | US$12m |
| Mar 31 2022 | n/a | n/a | US$105m |
| Dec 31 2021 | US$6m | US$650k | US$172m |
| Sep 30 2021 | n/a | n/a | US$319m |
| Jun 30 2021 | n/a | n/a | US$339m |
| Mar 31 2021 | n/a | n/a | US$318m |
| Dec 31 2020 | US$7m | US$650k | US$226m |
| Sep 30 2020 | n/a | n/a | US$120m |
| Jun 30 2020 | n/a | n/a | US$96m |
| Mar 31 2020 | n/a | n/a | US$83m |
| Dec 31 2019 | US$8m | US$594k | US$173m |
| Sep 30 2019 | n/a | n/a | US$111m |
| Jun 30 2019 | n/a | n/a | US$128m |
| Mar 31 2019 | n/a | n/a | US$132m |
| Dec 31 2018 | US$11m | US$515k | US$76m |
Compensation vs Market: Scott's total compensation ($USD8.89M) is above average for companies of similar size in the US market ($USD6.63M).
Compensation vs Earnings: Scott's compensation has increased by more than 20% in the past year.
CEO
Scott Bluestein (46 yo)
10.8yrs
Tenure
US$8,891,994
Compensation
Mr. Scott Bluestein is Miscellaneous of UBS Securities LLC. He is Chief Executive Officer, Chief Investment Officer, President and Director of Hercules Capital, Inc. He joined the Hercules Capital, Inc. in...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Chief Investment Officer | 10.8yrs | US$8.89m | 1.4% $ 48.1m | |
| CFO & Chief Accounting Officer | 5.8yrs | US$3.04m | 0.24% $ 8.2m | |
| Chief Operating Officer | 9yrs | US$1.21m | 0.074% $ 2.5m | |
| Corporate Secretary | 3yrs | US$1.08m | 0.042% $ 1.4m | |
| Senior MD & Group Head of Technology | 6yrs | no data | no data | |
| Managing Director of Investor Relations & Corporate Communications | no data | no data | no data | |
| VP of Human Resources | 2.8yrs | no data | no data | |
| Managing Director | 20.8yrs | no data | no data | |
| Senior MD & Group Head of Life Sciences | 5.7yrs | no data | no data | |
| Managing Director of Portfolio Management | 6yrs | no data | no data | |
| Managing Director | 14.8yrs | no data | no data | |
| Managing Director | 6yrs | no data | no data |
6.0yrs
Average Tenure
52yo
Average Age
Experienced Management: HTGC's management team is seasoned and experienced (6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Chief Investment Officer | 5.5yrs | US$8.89m | 1.4% $ 48.1m | |
| Independent Director | 5.9yrs | US$215.00k | 0.036% $ 1.2m | |
| Chairman of the Board & Lead Independent Director | 18.8yrs | US$310.00k | 0.068% $ 2.3m | |
| Independent Director | 3.2yrs | US$250.00k | 0.0097% $ 331.4k | |
| Independent Director | 1.3yrs | US$39.99k | 0.0034% $ 116.6k | |
| Independent Director | 10.5yrs | US$205.00k | 0.060% $ 2.1m | |
| Independent Director | 3.5yrs | US$215.00k | 0.016% $ 548.9k | |
| Independent Board Directors | 2.6yrs | US$145.00k | 0.0083% $ 285.1k |
4.5yrs
Average Tenure
62.5yo
Average Age
Experienced Board: HTGC's board of directors are considered experienced (4.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/21 20:07 |
| End of Day Share Price | 2025/01/17 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Hercules Capital, Inc. is covered by 26 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Bryce Rowe | Baird |
| Vernon Plack | BB&T Capital Markets |
| Sarkis Sherbetchyan | B. Riley Securities, Inc. |