Shares of Ares Capital Corporation (ARCC) gained 1.2% following the release of its first-quarter 2024 results. Core earnings of 59 cents per share met the Zacks Consensus Estimate. The bottom line reflects a rise of 3.5% from the prior-year quarter. Results were primarily aided by an improvement in the total investment income. Also, the company’s portfolio activity was robust in the quarter. However, an increase in expenses hurt the results to an extent. GAAP net income was $449 million or 76 cents per shar ...